€2.4 billion Budget for Creative Europe 2021 - 2027
15 December 2020

€2.4 billion Budget for Creative Europe 2021 - 2027

With a dedicated budget of more than €2.4 billion, the new Creative Europe programme 2021 - 2027 will boost Europe's media and cultural sectors as well as cooperation and co-creation across borders. MEDIA will continue to support projects, talent and new technologies. For the first time, the news media sector will be supported throughout different actions promoting media literacy, pluralism and media freedom under the cross-sectoral strand.

Commissioner for Internal Market Thierry Breton noted:

'The culture and creative ecosystem continues to be deeply affected by the current crisis. Today's agreement is an important signal for all European media partners, small and big, and all our creators, at a time when they need our support more than ever before. Creative Europe is an essential tool for further digitalisation and internationalisation of these key sectors. It will also strengthen the resilience of our media and audiovisual industry and reinforce media freedom and pluralism across the European Union.'

The Creative Europe programme is the flagship instrument in support of the cultural and creative sectors – and the only one designed by the EU to support them specifically. 

Implementation of the new programme is planned for early 2021 and will run until 2027. Once adopted, the EU's long-term budget, coupled with the NextGenerationEU initiative, which is a temporary instrument designed to drive the recovery of Europe, will be the largest stimulus package ever financed through the EU budget. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe. It will be a greener, more digital and more resilient Europe.