Ministry of Culture prepares loan support for creative industries with EIB – Berezhna

The Ministry of Culture of Ukraine is preparing loan support for creative industries with the European Investment Bank (EIB), reported Deputy Prime Minister for Humanitarian Policy - Minister of Culture Tetiana Berezhna.

"We are working to strengthen the capacity of the cultural sector. Together with the European Investment Bank, we are preparing credit support for creative industries. This involves providing cultural and creative businesses with affordable financial instruments and real opportunities for sector development," Berezhna wrote on Facebook.

According to her, they also discussed adapting credit and guarantee mechanisms for cultural and creative enterprises, as well as the next steps for launching them.

"Together with the EIB, we are starting to develop the project and moving towards specific solutions," she emphasized.

Berezhna noted that, in addition to credit mechanisms, the government is developing grant programs to support the creation of new projects and jobs and the restoration of the sector.