Creative Europe Cross Sectoral Strand
The Cross-sectoral strand of the Creative Europe programme is designed to serve three primary functions:
- The establishment of a Guarantee Facility targeting the cultural and creative sectors
- The promotion of transnational policy cooperation
- Supporting a network of Creative Europe Desks
The Cross-sectoral Strand provides funding for activities and events that are common to both the MEDIA and Culture Sub-programmes. From 2016, this will include a Creative Sectors Guarantee Facility, a new sector specific instrument on the European Financial market. Creative Europe will provide guarantees to financial intermediaries to offset parts of the risks linked with providing loans to a sector.