“A rescue umbrella”: New funding offers biz financial boost
Governments from around Europe dedicate aid to cultural sectors, as collection societies further help the industry weather the Covid-19 storm
News By | 30 March 2020
As the coronavirus does its best to ensure venues remain shuttered for as long as possible, a range of organisations are stepping in to ease the financial pressures faced by live entertainment businesses worldwide.
In Europe’s largest live music market, Germany, the government has dedicated €50 billion to its creative and cultural industries. The financial aid consists of grants for small companies and the self-employed to cover overhead costs such as renting venues and studio space, and loans for business…
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