Germany’s €2.5bn culture fund ‘hardly used’ so far

Germany’s €2.5 billion event cancellation fund has ‘hardly been used’ so far, according to a new report. The government-backed insurance pot, announced in December 2020, was introduced to enable event organisers to plan for Q3 and Q4 2021 without the financial risk posed by a potential Covid outbreak.

Only €44m was requested from the fund by mid-December 2021, according to German news magazine Spiegel, which obtained a report by the minister of state for culture to the government’s budget committee.

Of that…

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