The CDP guarantee with the resources of the Europe Creative Program
The initiative aims to facilitate access to credit for companies active in the creative and cultural sectors and takes the form of an 80% counter-guarantee issued by CDP in favor of the SME Guarantee Fund (SME Fund) on a portfolio of new transactions originated in favor of this category of companies, for a maximum original value of 200 million euros, increased in 2020 to 350 million euros, within the limit of a predetermined cap on losses. In turn, CDP benefits from a 70% free coverage granted by the European Investment Fund (EIF) through its Cultural and Creative Sectors Guarantee Facility.
The funds eligible for the initiative will automatically be included by the SME Fund in the portfolio covered by the CDP guarantee.
The sectors included in the initiative include:
• cinema, theater and photography
• museums and libraries
• radio and TV
• architecture and design
For more information on the characteristics of the initiative as well as on the specific eligible sectors, please consult the EIF website
This guarantee is made possible thanks to the Guarantee that has been provided by the Creative Europe Programme and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing
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CDP is committed to strengthening the capital of the Guarantee Fund for SMEs through counter-guarantee initiatives, using public funds from the EU or resources contributed by public or private entities, with the aim of supporting access to public guarantees for Italian companies and professionals