The CCS GF is a facility under which EIF provides guarantees and counter-guarantees on debt financing to Financial Intermediaries in order to improve access to finance to SMEs and small public enterprises operating within the cultural and creative sectors. Thanks to the CCS GF, Financial Intermediaries selected by the EIF will be able to provide additional debt financing to those SMEs and small public enterprises in Participating Countries.
The CCS GF is set up under the cross-sectoral strand of the Creative Europe Programme and it is the first EU financial instrument with a specific focus on the cultural and creative sectors.
Since 20116, 11 agreements have been concluded in 8 different countries, i.e. Spain, France, Romania, Czech Republich, Italy, Belgium, Poland and Denmark.