#JunckerPlan supports cultural sector in #Denmark

| March 1, 2019

The Juncker Plan is backing an agreement in Denmark, where the European Investment Bank (EIB) Group signed an agreement with the public investment fund Vaekstfonden.

The agreement aims to provide financing worth €40 million to 80 small and medium businesses active in the creative and cultural sectors such as design, architecture, visual arts and music.

Digital Economy and Society Commissioner Mariya Gabriel said: “Europe is recognized throughout the world for its cultural wealth, but the full potential of its cultural and creative industries for job creation and growth remains untapped. It is high time to reverse that trend. This is why I welcome this agreement under the Juncker Plan, which will allow creative Danish businesses to access the financing they need to express their talents as well as create value and jobs.”

A press release is available here. As of February 2019, the European Fund for Strategic Investments (EFSI), at the heart of the Juncker Plan, has already mobilized €380 billion of additional investments, including €4.7bn in Denmark.

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