The new programme, with its budget almost doubled when compared to 2014-2020, (up from 1.4 billion euro) will invest 2.5 billion euro (in current prices) in the EU’s cultural and creative sectors. The European Parliament recognizes the importance of the continent’s cultural sector, and helping it recover from the COVID-19 pandemic which has left many music and cultural venues across Europe closed. Alongside the significant increase in funding, MEPs secured greater focus on inclusion, on support for contemporary and live music sectors that are among those hit hardest by the pandemic, and higher co-financing rates for small-scale projects.
The programme has been already approved by the Council and will enter into force immediately after being published in the official journal. In order to ensure a smooth transition from the previous programme period, retroactivity provisions in the regulation ensure that the new Creative Europe enters into effect from 1 January 2021.
For more information, please visit the European Parliament’s website.
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