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Cultural and Creative Industries in Europe

Promoting Smart, Sustainable and Inclusive Growth

Thursday 21st January 2016, Brussels

According to the European Commission, cultural and creative industries (CCI) are responsible for around 3.5% of all EU products and services annually, and employ 6.7 million people, or 3% of the European workforce.

They represent a significant part of Europe’s identity and growth, by offering a key source of creativity and innovation, as well as contributing significantly to social cohesion and well-being. Cultural and creative industries boast €558 billion in value added to GDP (4.4% of total EU GDP) according to the 2014 TERA / Forum d’Avignon Study. However, in spite of their substantial contribution to the EU’s economy in terms of growth and job creation during the current economic downturn, cultural and creative sectors still remain considerably undervalued and face numerous challenges, particularly in terms of their ability to access start-up capital and financing.

In order to tackle these challenges and support CCIs, the European Commission has introduced the Creative Europe Programme. Building upon previous Culture and MEDIA programmes, the CEP (2014-2020), aims to help the cultural and creative sectors seize the opportunities of the digital age and globalisation.

Programme and full article here

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