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20.12.2013 Official
Journal
of
the
European
Union L
347/221
REGULATION (EU) No 1295/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 11 December 2013
establishing the Creative Europe Programme (2014 to 2020) and repealing Decisions No
1718/2006/EC, No 1855/2006/EC and No 1041/2009/EC
(Text with EEA relevance)
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE
the Council ( 5 ) (the "Culture programme") and Decision
EUROPEAN UNION,
No 1041/2009/EC of the European Parliament and of the
Council ( 6 ) (the "MEDIA Mundus programme"). Decision
Having regard to the Treaty on the Functioning of the European
No 1622/2006/EC of the European Parliament and of the
Union, and in particular Article 166(4), the first indent of
Council ( 7 ) (the "European Capitals of Culture action")
Article 167(5) and Article 173(3) thereof,
and Decision No
1194/2011/EU of the European
Parliament and of the Council
( 8 ) (the "European
Heritage Label action") also contribute to Union
Having regard to the proposal from the European Commission,
support for the cultural and creative sectors.
After transmission of the draft legislative act to the national
(3) The
Commission
Communication
on
a
European
agenda
parliaments,
for culture in a globalising world, endorsed by the
Council in its resolution of 16 November 2007 ( 9 ) and
Having regard to the opinion of the European Economic and
by the European Parliament in its resolution of 10 April
Social Committee ( 1 ),
2008 ( 10 ), sets the objectives for future activities of the
Union for the cultural and creative sectors. It aims to
Having regard to the opinion of the Committee of the
promote cultural diversity and intercultural dialogue,
Regions (
culture as a catalyst for creativity in the framework for

2 ),
growth and jobs and culture as a vital element in the
Union's international relations.
Acting in accordance with the ordinary legislative procedure ( 3 ),
(4)
With regard to the Charter of Fundamental Rights of the
Whereas:
European Union and in particular Articles 11, 21 and 22
thereof, the cultural and creative sectors make an
(1) The
Treaty
on
the
Functioning
of
the
European
Union
important contribution to the fight against all forms of
(TFEU) aims at an ever closer union among the peoples
discrimination, including racism and xenophobia, and are
of Europe and confers on the Union the task, inter alia,
an important platform for freedom of expression and for
of contributing to the flowering of cultures of Member
the promotion of respect for cultural and linguistic
States, while respecting their national and regional
diversity.
diversity and at the same time ensuring that the
conditions necessary for the competitiveness of the
Union's industry exist. In that respect, the Union,
(5) The
2005
Unesco
Convention,
which
entered
into
force
where necessary, supports and supplements Member
on 18 March 2007 and to which the Union is a party,
States' actions to respect cultural and linguistic diversity,
underlines that cultural activities, goods and services have
in accordance with Article 167 TFEU and the 2005
both an economic and a cultural nature, because they
Unesco Convention on the Protection and Promotion
convey identities, values and meanings, and must not,
of the Diversity of Cultural Expressions (the "2005
therefore, be treated as solely having commercial value.
Unesco Convention"), to strengthen the competitiveness
That convention aims to strengthen international cooper
of the cultural and creative sectors and to facilitate adap
ation, including international co-production and co-
tation to industrial changes.
distribution agreements, and solidarity so as to favour
the cultural expression of all countries and individuals.
(2) Union
support
for
the
cultural
and
creative
sectors
is
(
based primarily on the experience acquired with the

5 ) Decision No 1855/2006/EC of the European Parliament and of the
Council of 12 December 2006 establishing the Culture Programme
Union programmes set out in Decision No
1718/
(2007 to 2013) (OJ L 372, 27.12.2006, p. 1).
2006/EC of the European Parliament and of the
( 6 ) Decision No 1041/2009/EC of the European Parliament and of the
Council ( 4 ) (the "MEDIA programme"), Decision
Council of 21 October 2009 establishing an audiovisual
No 1855/2006/EC of the European Parliament and of
cooperation programme with professionals from third countries
(MEDIA Mundus) (OJ L 288, 4.11.2009, p. 10).
( 7 ) Decision No 1622/2006/EC of the European Parliament and of the
( 1 ) OJ C 181, 21.6.2012, p. 35.
Council of 24 October 2006 establishing a Community action for
( 2 ) OJ C 277, 13.9.2012, p. 156.
the European Capital of Culture event for the years 2007 to 2019
( 3 ) Position of the European Parliament of 19 November 2013 (not yet
(OJ L 304, 3.11.2006, p. 1).
published in the Official Journal) and decision of the Council of
( 8 ) Decision No 1194/2011/EU of the European Parliament and of the
5 December 2013.
Council of 16 November 2011 establishing a European Union
( 4 ) Decision No 1718/2006/EC of the European Parliament and of the
action for the European Heritage Label (OJ L 303, 22.11.2011,
Council of 15 November 2006 concerning the implementation of a
p. 1).
programme of support for the European audiovisual sector (MEDIA
( 9 ) OJ C 287, 29.11.2007, p. 1.
2007) (OJ L 327, 24.11.2006, p. 12).
( 10 ) OJ C 247 E, 15.10.2009, p. 32.

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L 347/222
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Official Journal of the European Union
20.12.2013
It also states that due attention is to be paid to the
(10) The
MEDIA,
Culture
and
MEDIA
Mundus
programmes
special circumstances and needs of various social
have been the subject of regular monitoring and external
groups, including persons belonging to minorities.
evaluations, and public consultations have been
Accordingly, a support programme for the cultural and
organised on their future, from which it emerges that
creative sectors should foster cultural diversity at inter
those programmes play a very important role in
national level in line with that convention.
protecting and promoting Europe's cultural and linguistic
diversity and that they are relevant for the needs of the
cultural and creative sectors. It also appears from those
monitoring, evaluation and consultation activities, as well
as from various independent studies, in particular the
(6) Promoting
tangible
and
intangible
cultural
heritage,
in
study on the entrepreneurial dimension of cultural and
the light of, inter alia, the 2003 Unesco Convention
creative industries, that the cultural and creative sectors
for the Safeguarding of the Intangible Cultural Heritage
are facing common challenges, namely the rapid change
and the 1972 Unesco Convention Concerning the
caused by the digital shift and globalisation, market frag
Protection of the World Cultural and Natural Heritage,
mentation relating to linguistic diversity, difficulties in
should also contribute to the enhancement of the value
accessing finance, complex administrative procedures
of the relevant sites whilst giving to peoples a sense of
and a shortage of comparable data, which all require
ownership of the cultural and historical value of such
action at Union level.
sites.
(7) The
Commission
Communication
entitled "Europe 2020
(11) The
European
cultural
and
creative
sectors
are
inherently
– A strategy for smart, sustainable and inclusive growth"
diversified along national and linguistic lines, which
(the "Europe 2020 Strategy") defines a strategy that aims
results in a culturally rich and highly independent
to turn the Union into a smart, sustainable and inclusive
cultural landscape, providing a voice for the different
economy delivering high levels of employment, produc
cultural traditions of Europe's heritage. However, such
tivity and social cohesion. In that communication, the
diversification also gives rise to a series of obstacles
Commission noted that the Union needs to provide
that impede the smooth transnational circulation of
more attractive framework conditions for innovation
cultural and creative works and hamper the mobility of
and creativity. In that regard, cultural and creative
cultural and creative players within and outside the
sectors are a source of innovative ideas that can be
Union, which can lead to geographical imbalances and,
turned into products and services that create growth
subsequently, to a limited choice for the consumer.
and jobs and help address societal changes. Moreover,
excellence and competitiveness in those sectors are
primarily the result of efforts on the part of artists,
creators and professionals that need to be promoted.
For that purpose, access to finance for the cultural and
creative sectors should be improved.
(12) Given
that
the
European
cultural
and
creative
sectors
are
characterised by linguistic diversity which leads in some
sectors to fragmentation along linguistic lines, subtitling,
dubbing and audio description are essential to the circu
lation of cultural and creative works, including audio
(8) In
its
conclusions
on
mobility
information
services
for
visual works.
artists and for culture professionals ( 1 ), the Council
confirmed the importance of the mobility of artists and
cultural professionals for the Union and for achieving its
objectives within the Europe 2020 Strategy, and called
on the Member States and the Commission, within their
respective spheres of competences and with due regard to
(13) The
digital
shift
is
having
a
massive
impact
on
how
the principle of subsidiarity, to facilitate the provision of
cultural and creative goods and services are made,
comprehensive and accurate information to artists and
disseminated, accessed, consumed and monetised. While
cultural professionals seeking to be mobile within the
the need to seek a new balance between the increasing
Union.
accessibility of cultural and creative works, fair remun
eration of artists and creators and the emergence of new
business models is recognised, the changes resulting from
the digital shift offer wide opportunities for the European
cultural and creative sectors and for European society in
(9) In
order
to
contribute
to
the
enhancement
of
a
shared
general. Lower distribution costs, new distribution
cultural area, it is important to promote the transnational
channels, the potential for new and for increased
mobility of cultural and creative players and the trans
audiences and new opportunities for niche products
national circulation of cultural and creative works,
can facilitate access and increase circulation of cultural
including audiovisual works and products, thereby
and creative works worldwide. In order to use those
promoting cultural exchanges and intercultural dialogue.
opportunities to the full and adapt to the context of
the digital shift and globalisation, the cultural and
( 1 ) OJ C 175, 15.6.2011, p. 5.
creative sectors need to develop new skills and require

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EN
20.12.2013 Official
Journal
of
the
European
Union L
347/223
greater access to finance in order to upgrade equipment,
(19) Bringing together the current MEDIA, Culture and
develop new production and distribution methods and
MEDIA Mundus programmes for the cultural and
adapt their business models.
creative sectors within a single comprehensive
programme (the "Programme") would more effectively
support SMEs and micro, small and medium-sized
organisations in their efforts to take advantage of the
opportunities offered by the digital shift and globalisation
(14) Current
distribution
practices
underpin
the
film
financing
and would help them to address issues currently leading
system. However, there is an increasing need to promote
to market fragmentation. To be effective, the Programme
the emergence of attractive legal online offers and to
should take into account the specific nature of the
encourage innovation. Therefore, it is essential to
different sectors, their different target groups and their
promote new distribution modes in order to allow new
particular needs through tailor-made approaches within
business models to emerge.
two independent sub-programmes and a cross-sectoral
strand. In particular, it is important to ensure synergies
at the level of implementation between the Programme
and the national and regional strategies for smart special
(15) Digitisation
of
cinemas
has
been
an
ongoing
issue
for
isation. To that end, the Programme should establish a
many small cinema operators, particularly single-screen
coherent support structure for the different cultural and
operators, due to the high costs of the digital equipment.
creative sectors consisting of a grants system comple
While the Member States have primary competence for
mented by a financial instrument.
culture and should therefore continue to address that
issue at national, regional and local level, as appropriate,
there is potential for financing from Union programmes
and funds, in particular those aimed at local and regional
development.
(20) The
Programme
should
take
into
account
the
dual
nature
of culture and cultural activities, recognising, on the one
hand, the intrinsic and artistic value of culture and, on
the other hand, the economic value of those sectors,
including their broader societal contribution to creativity,
(16) Audience development, especially as regards young
innovation and social inclusion.
people, requires a specific commitment on the part of
the Union, to support, in particular, media and film
literacy.
(21) With
regard
to
the
implementation
of
the
Programme,
the intrinsic value of culture and the specific nature of
the cultural and creative sectors should be taken into
(17) One of the greatest challenges for the cultural and
account, including the importance of not-for-profit
creative sectors, especially for micro, small and
organisations and projects under a Culture Sub-
medium-sized enterprises ("SMEs") and micro, small
programme.
and medium-sized organisations, including not-for-

profit and non-governmental organisations, is the
difficulty they face in accessing the funds that they
need to finance their activities, to grow, and to
maintain and increase their competitiveness or inter
nationalise their activities. While that is a common
(22) A
self-standing
financial
instrument,
the
Cultural
and
challenge for SMEs generally, the situation is significantly
Creative Sectors Guarantee Facility (the "Guarantee Facil
more difficult in the cultural and creative sectors due to
ity"), should enable the cultural and creative sectors at
the intangible nature of many of their assets, the
large to grow, and in particular should provide sufficient
prototype profile of their activities, and their intrinsic
leverage for new actions and opportunities. Selected
need to take risks and experiment in order to innovate.
financial intermediaries should act in favour of cultural
Such risk-taking needs to be understood and supported
and creative projects to ensure a balanced loans portfolio
also by the financial sector.
in terms of geographical coverage and sector represen
tation. Moreover, public and private organisations have
an important role to play in that context, in order to
achieve a broad approach under the Guarantee Facility.
(18) As
a pilot project, the European Creative Industries
Alliance is a cross-sectoral initiative that primarily
supports the creative industries at policy level. It aims
at leveraging additional funds for creative industries and
(23) Funding should also be provided
for the European
at stimulating the demand for creative industries' services
Capitals of Culture action and for the administration of
by other industries and sectors. Testing of new tools for
the European Heritage Label action, as they contribute to
better support for innovation in creative industries will
the strengthening of the feeling of belonging to a
take place and will be leveraged to feed into a policy
common cultural area, to the stimulation of intercultural
learning platform composed of European, national and
dialogue and mutual understanding and to the
regional stakeholders.
enhancement of the value of cultural heritage.

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Official Journal of the European Union
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(24) In addition to Member States and overseas countries and
(29) In
order
to
ensure
optimal
monitoring
and
evaluation
of
territories which are eligible to participate in the
the Programme during its entire duration, the power to
Programme pursuant to Article 58 of Council Decision
adopt acts in accordance with Article 290 TFEU should
2001/822/EC ( 1 ), the Programme should also be open,
be delegated to the Commission in respect of the
subject to certain conditions, to the participation of
adoption of additional quantitative and qualitative indi
European Free Trade Association ("EFTA") countries
cators. It is of particular importance that the Commission
which are parties to the Agreement on the European
carry out appropriate consultations during its preparatory
Economic Area ("EEA") and of the Swiss Confederation.
work, including at expert level. The Commission, when
Acceding countries, candidate countries and potential
preparing and drawing up delegated acts, should ensure
candidate countries benefiting from a pre-accession
simultaneous, timely and appropriate transmission of
strategy as well as countries covered by the European
relevant documents to the European Parliament and to
Neighbourhood Policy should also be able to participate
the Council.
in the Programme, except as regards the Guarantee
Facility.
(30) As
stated
in
the
Commission
report
of
30
July
2010
on
the impact of the European Parliament and Council
(25) The
Programme
should
further
be
open
for
bilateral
or
Decisions modifying the legal bases of the European
multilateral cooperation actions with third countries on
Programmes in the areas of Lifelong Learning, Culture,
the basis of additional appropriations to be defined, and
Youth and Citizenship, the substantial shortening of the
specific arrangements to be agreed upon, with the parties
delays in the management procedures has increased the
concerned.
efficiency of programmes. Particular care should be taken
to ensure that administrative and financial procedures
continue to be simplified, including through the use of
sound, objective and regularly updated systems for deter
(26) Cooperation
in
the
cultural
and
audiovisual
fields
should
mining lump sums, unit costs and flat-rate financing.
be fostered between the Programme and international
organisations such as Unesco, the Council of Europe,
the Organisation for Economic Co-operation and Devel
opment ("OECD") and the World Intellectual Property
(31) In
order
to
ensure
uniform
conditions
for
the
implemen
Organisation ("WIPO").
tation of this Regulation, implementing powers should be
conferred on the Commission. Those powers should be
exercised in accordance with Regulation (EU)
No 182/2011 of the European Parliament and of the
(27) It is necessary to ensure the European added value of all
Council ( 2 ).
actions and activities carried out within the Programme,
their complementarity to Member States' activities, their
compliance with Article 167(4) TFEU and their
consistency with other Union activities, in particular in
the fields of education, employment, the internal market,
(32) In accordance with Council Regulation (EC)
enterprise, youth, health, citizenship and justice, research
No 58/2003 ( 3 ), the Commission has since 2009
and innovation, industrial and cohesion policy, tourism
entrusted the Education, Audiovisual and Culture
and external relations, trade and development, and the
Executive Agency with implementation tasks for the
digital agenda.
management of Union action in the fields of education,
audiovisual and culture. The Commission may therefore
use, on the basis of a cost-benefit analysis, an existing
executive agency for the implementation of the
Programme, as provided for in that Regulation.
(28) In
compliance
with
the
principles
for
performance-related
assessment, the procedures for monitoring and evaluating
the Programme should include detailed annual reports
and should refer to specific, measurable, achievable,
relevant and time-bound targets and indicators,
(33) This
Regulation
lays
down
a
financial
envelope
for
the
including qualitative ones. Procedures for monitoring
entire duration of the Programme, which is to constitute
and evaluation ought to take into account the work of
the prime reference amount, within the meaning of point
relevant players such as Eurostat, and the findings of the
17 of the Interinstitutional Agreement of 2 December
ESS-net Culture project and of the Unesco Institute for
2013 between the European Parliament, the Council
Statistics. In that context, as regards the audiovisual
sector, the Union's participation in the European Audio
( 2 ) Regulation (EU) No 182/2011 of the European Parliament and of
visual Observatory (the "Observatory") should be
the Council of 16 February 2011 laying down the rules and general
continued.
principles concerning mechanisms for control by Member States of
the Commission's exercise of implementing powers (OJ L 55,
28.2.2011, p. 13).
( 1 ) Council Decision 2001/822/EC of 27 November 2001 on the
( 3 ) Council Regulation (EC) No 58/2003 of 19 December 2002 laying
association of the overseas countries and territories with the
down the statute for executive agencies to be entrusted with certain
European Community ("Overseas Association Decision") (OJ
tasks in the management of Community programmes (OJ L 11,
L 314, 30.11.2001, p. 1).
16.1.2003, p. 1).

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EN
20.12.2013 Official
Journal
of
the
European
Union L
347/225
and the Commission on budgetary discipline, on
(39) In
order
to
ensure
continuity
in
the
funding
support
cooperation in budgetary matters and on sound
provided under the Programme, the Commission
financial management ( 1 ), for the European Parliament
should be able to consider the costs directly linked to
and the Council during the annual budgetary procedure.
the implementation of the supported actions and
activities as eligible for financing, even if they are
incurred by the beneficiary before the grant application
(34) The
financial
interests
of
the
Union
should
be
protected
is submitted.
through proportionate measures throughout the expen
diture cycle, including measures for the prevention,
detection and investigation of irregularities, the recovery
(40) In
order
to
ensure
continuity
in
the
funding
support
of funds lost, unduly paid or incorrectly used and, where
provided under the Programme, this Regulation should
appropriate, administrative and financial penalties in
apply from 1 January 2014. For reasons of urgency, this
accordance with Regulation (EU, Euratom) No 966/2012
Regulation should enter into force as soon as possible
of the European Parliament and of the Council ( 2 ) (the
after its publication in the Official Journal of the European
"Financial Regulation").
Union,
(35) With
regard
to
the
European
Anti-Fraud
Office
("OLAF")
HAVE ADOPTED THIS REGULATION:
and pursuant to Council Regulation (Euratom, EC)
No 2185/96 ( 3 ) and Regulation (EU, Euratom)
No 883/2013 of the European Parliament and of the
CHAPTER I
Council ( 4 ), appropriate measures should be drawn up
and implemented to prevent fraud and to recover
General provisions
funds which have been lost or transferred or used
Article 1
improperly.
Establishment and duration
(36) Since
the
objectives
of
this
Regulation,
namely
to
safe
1. This Regulation establishes the Creative Europe
guard, develop and promote European cultural and
Programme for support to the European cultural and creative
linguistic diversity, to promote Europe's cultural
sectors (the "Programme").
heritage and to strengthen the competitiveness of the
European cultural and creative sectors, in particular of
the audiovisual sector, cannot be sufficiently achieved
2. The
Programme
shall
be
implemented
for
the
period
from
by the Member States, given the transnational and inter
1 January 2014 to 31 December 2020.
national character of the Programme, but can rather, by
reason of its scale and expected effects, be better achieved
at Union level, the Union may adopt measures, in
Article 2
accordance with the principle of subsidiarity as set out
Definitions
in Article 5 of the Treaty on European Union. In
accordance with the principle of proportionality as set
For the purposes of this Regulation, the following definitions
out in that Article, this Regulation does not go beyond
shall apply:
what is necessary in order to achieve those objectives.
(1) 'cultural and creative sectors' means all sectors whose
(37) Decisions No 1718/2006/EC, No 1855/2006/EC and
activities are based on cultural values and/or artistic and
No 1041/2009/EC should therefore be repealed.
other creative expressions, whether those activities are
market- or non-market-oriented, whatever the type of
structure that carries them out, and irrespective of how
(38) Provision
should
be
made
for
measures
governing
the
that structure is financed. Those activities include the devel
transition from the MEDIA, Culture and MEDIA
opment, the creation, the production, the dissemination and
Mundus programmes to the Programme.
the preservation of goods and services which embody
cultural, artistic or other creative expressions, as well as
( 1 ) OJ C 420 du 20.12.2013, p. 1
related functions such as education or management. The
( 2 ) Regulation (EU, Euratom) No 966/2012 of the European Parliament
cultural and creative sectors include inter alia architecture,
and of the Council of 25 October 2012 on the financial rules
archives, libraries and museums, artistic crafts, audiovisual
applicable to the general budget of the Union and repealing
(including film, television, video games and multimedia),
Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298,
tangible and intangible cultural heritage, design, festivals,
26.10.2012, p. 1).
music, literature, performing arts, publishing, radio and
( 3 ) Council Regulation (Euratom, EC) No 2185/96 of 11 November
1996 concerning on-the-spot checks and inspections carried out
visual arts;
by the Commission in order to protect the European Communities'
financial interests against fraud and other irregularities (OJ L 292,
15.11.1996, p. 2).
(2) 'SMEs' means micro, small and medium-sized enterprises, as
( 4 ) Regulation (EU, Euratom) No 883/2013 of the European Parliament
defined in Commission Recommendation 2003/361/EC ( 5 );
and of the Council of 11 September 2013 concerning investigations
conducted by the European Anti-Fraud Office (OLAF) and repealing
Regulation (EC) No 1073/1999 of the European Parliament and of
( 5 ) Commission Recommendation 2003/361/EC of 6 May 2003
the Council and Council Regulation (Euratom) No 1074/1999 (OJ
concerning the definition of micro, small and medium-sized enter
L 248, 18.9.2013, p. 1).
prises (OJ L 124, 20.5.2003, p. 36).

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(3) 'participating financial intermediaries' means financial inter
creative sectors in a sustainable way, while endeavouring to
mediaries within the meaning of the second subparagraph
ensure a balanced geographical coverage and sector repre
of Article 139(4) of the Financial Regulation, selected under
sentation;
the Guarantee Facility in accordance with the Financial
Regulation and with Annex I to this Regulation, providing
or planning to provide:
(d) to foster policy development, innovation, creativity,
audience development and new business and management
models through support for transnational policy cooper
(a) loans to SMEs and to micro, small and medium-sized
ation.
organisations in the cultural and creative sectors (guar
antees from the European Investment Fund ("EIF")); or
Article 5
(b) loan guarantees to other financial intermediaries
European added value
providing loans to SMEs and to micro, small and
medium-sized organisations in the cultural and
1. Recognising
the
intrinsic
and
economic
value
of
culture,
creative sectors (counter-guarantees from the EIF);
the Programme shall support actions and activities with a
European added value in the cultural and creative sectors. It
shall contribute to the achievement of the objectives of the
(4) 'capacity-building providers' means entities capable of
Europe 2020 Strategy and its flagship initiatives.
providing expertise in accordance with Annex I in order
to enable participating financial intermediaries to assess
effectively the specificities and risks associated with SMEs
2. European
added
value
shall
be
ensured
through
one
or
and micro, small and medium-sized organisations in the
more of the following:
cultural and creative sectors and with their projects.
(a) the transnational character of actions and activities which
Article 3
complement regional, national, international and other
Union programmes and policies, and the impact of such
General objectives
actions and activities on the cultural and creative sectors
as well as on citizens and on their knowledge of cultures
The general objectives of the Programme shall be:
other than their own;
(a) to safeguard, develop and promote European cultural and
linguistic diversity and to promote Europe's cultural
(b) the development and promotion of transnational
heritage;
cooperation between cultural and creative players,
including artists, audiovisual professionals, cultural and
creative organisations and audiovisual operators, focused
(b) to strengthen the competitiveness of the European cultural
on stimulating more comprehensive, rapid, effective and
and creative sectors, in particular of the audiovisual sector,
long-term responses to global challenges;
with a view to promoting smart, sustainable and inclusive
growth.
(c) the economies of scale and critical mass which Union
support fosters, creating a leverage effect for additional
Article 4
funds;
Specific objectives
(d) ensuring a more level playing field in the European cultural
The specific objectives of the Programme shall be:
and creative sectors by taking account of low production
capacity countries and/or countries or regions with a
restricted geographical and/or linguistic area.
(a) to support the capacity of the European cultural and
creative sectors to operate transnationally and inter
nationally;
Article 6
Structure of the Programme
(b) to promote the transnational circulation of cultural and
creative works and transnational mobility of cultural and
The Programme shall consist of:
creative players, in particular artists, as well as to reach
new and enlarged audiences and improve access to
cultural and creative works in the Union and beyond,
(a) a MEDIA Sub-programme;
with a particular focus on children, young people, people
with disabilities and under-represented groups;
(b) a Culture Sub-programme;
(c) to strengthen the financial capacity of SMEs and micro,
small and medium-sized organisations in the cultural and
(c) a Cross-sectoral Strand.

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European
Union L
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Article 7
4. The
countries
referred
to
in
points
(a)
and
(d)
of
paragraph
3 shall be precluded from participating in the Guarantee Facility.
Logos of the Sub-programmes
1. The
Commission
shall
ensure
the
visibility
of
the
Programme through the use of logos, which shall be specific
5. The
Programme
shall
be
open
for
bilateral
or
multilateral
to each of the Sub-programmes.
cooperation actions targeted at selected countries or regions on
the basis of additional appropriations paid by, and specific
arrangements to be agreed upon with, those countries or
2. The
beneficiaries
of
the
MEDIA
Sub-programme
shall
use regions.
the logo set out in Annex II. The Commission shall establish
details for the use of that logo and shall communicate them to
the beneficiaries.
6. The
Programme
shall
permit
cooperation
and
joint
actions
with countries not participating in the Programme and with
3. The
beneficiaries
of
the
Culture
Sub-programme
shall
use international organisations which are active in the cultural
a logo which shall be established by the Commission. The
and creative sectors such as Unesco, the Council of Europe,
Commission shall establish details for the use of that logo
the OECD or the WIPO on the basis of joint contributions
and shall communicate them to the beneficiaries.
for the realisation of the Programme's objectives.
4. The
Commission
and
the
Creative
Europe
Desks
referred
to in Article 16 shall also be entitled to use the logos of the
CHAPTER II
Sub-programmes.
MEDIA Sub-programme
Article 9
Article 8
Priorities of the MEDIA Sub-programme
Access to the Programme
1. The
priorities
in
the
field
of
reinforcing
the
European
1. The
Programme
shall
foster
cultural
diversity
at
inter
audiovisual sector's capacity to operate transnationally shall be
national level in line with the 2005 Unesco Convention.
the following:
2. The
Programme
shall
be
open
to
the
participation
of
the
Member States.
(a) facilitating the acquisition and improvement of skills and
competences of audiovisual professionals and the devel
3. Without
prejudice
to
paragraph
4,
the
Programme
shall
be
opment of networks, including the use of digital tech
open to the participation of the following countries provided
nologies to ensure adaptation to market development,
that they pay additional appropriations and that, for the MEDIA
testing new approaches to audience development and
Sub-programme, they meet the conditions set out in Directive
testing new business models;
2010/13/EU of the European Parliament and of the Council ( 1 ):
(b) increasing the capacity of audiovisual operators to develop
(a) acceding countries, candidate countries and potential
European audiovisual works with a potential to circulate in
candidate countries benefiting from a pre-accession
the Union and beyond and to facilitate European and inter
strategy, in accordance with the general principles and
national co-production, including with television broad
general terms and conditions for the participation of those
casters;
countries in Union programmes established in the respective
framework agreements, Association Council decisions or
similar agreements;
(c) encouraging business-to-business exchanges by facilitating
access to markets and business tools enabling audiovisual
(b) EFTA countries that are party to the EEA Agreement, in
operators to increase the visibility of their projects on Union
accordance with that Agreement;
and international markets.
(c) the Swiss Confederation, on the basis of a bilateral
agreement with that country;
2. The
priorities
in
the
field
of
promoting
transnational
circulation shall be the following:
(d) countries covered by the European Neighbourhood Policy,
in accordance with the procedures established with those
(a) supporting theatrical distribution through transnational
countries following the framework agreements providing
marketing, branding, distribution and exhibition of audio
for their participation in Union programmes.
visual works;
( 1 ) Directive 2010/13/EU of the European Parliament and of the
Council of 10 March 2010 on the coordination of certain provisions
(b) promoting transnational marketing, branding and
laid down by law, regulation or administrative action in Member
States concerning the provision of audiovisual media services
distribution of audiovisual works on all other non-theatrical
(Audiovisual Media Services Directive) (OJ L 95, 15.4.2010, p. 1).
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(c) supporting audience development as a means of stimulating
(i) initiatives presenting and promoting a diversity of European
interest in, and improving access to, European audiovisual
audiovisual works, including short films, such as festivals
works, in particular through promotion, events, film literacy
and other promotional events;
and festivals;
(d) promoting new distribution modes in order to allow the
(j) activities aimed at promoting film literacy and at increasing
emergence of new business models.
audiences' knowledge of, and interest in, European audio
visual works, including the audiovisual and cinematographic
heritage, in particular among young audiences;
Article 10
Support measures of the MEDIA Sub-programme
(k) innovative actions testing new business models and tools in
In order to implement the priorities set out in Article 9, the
areas likely to be influenced by the introduction and use of
MEDIA Sub-programme shall provide support for:
digital technologies.
(a) the development of a comprehensive range of training
Article 11
measures promoting the acquisition and improvement of
skills and competences by audiovisual professionals,
European Audiovisual Observatory
knowledge-sharing and networking initiatives, including
1. The Union shall be a member of the Observatory for the
the integration of digital technologies;
duration of the Programme.
(b) the development of European audiovisual works, in
particular films and television works such as fiction, docu
2. The
Union's
participation
in
the
Observatory
shall
mentaries and children's and animated films, as well as
contribute to the achievement of the priorities of the MEDIA
interactive works such as video games and multimedia
Sub-programme by:
with enhanced cross-border circulation potential;
(a) encouraging transparency and the establishment of a level
(c) activities aiming to support European audiovisual
playing field as regards the accessibility of legal and finan
production companies, in particular independent production
cial/market information, and contributing to the compara
companies, with a view to facilitating European and inter
bility of legal and statistical information;
national co-productions of audiovisual works including
television works;
(b) providing data and market analysis useful for the elab
(d) activities helping European and international co-production
oration of the action lines of the MEDIA Sub-programme
partners to come together and/or providing indirect support
and for the evaluation of their impact on the market.
for audiovisual works co-produced by international co-
production funds based in a country participating in the
Programme;
3. The
Commission
shall
represent
the
Union
in
its
dealings
with the Observatory.
(e) facilitating access to professional audiovisual trade events
and markets and the use of online business tools inside
and outside the Union;
CHAPTER III
Culture Sub-programme
(f) establishing systems of support for the distribution of non-
Article 12
national European films through theatrical distribution and
on other platforms, as well as for international sales activ
Priorities of the Culture Sub-programme
ities, in particular the subtitling, dubbing and audio
description of audiovisual works;
1. The priorities in the field of reinforcing the cultural and
creative sectors' capacity to operate transnationally shall be the
following:
(g) facilitating the circulation of European films worldwide and
of international films in the Union on all distribution plat
forms, via international cooperation projects in the audio
(a) supporting actions providing cultural and creative players
visual sector;
with skills, competences and know-how that contribute to
strengthening the cultural and creative sectors, including
encouraging adaptation to digital technologies, testing inno
(h) a European cinema operators' network screening a
vative approaches to audience development and testing new
significant proportion of non-national European films;
business and management models;

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(b) supporting actions enabling cultural and creative players to
CHAPTER IV
cooperate internationally and to internationalise their
careers and activities in the Union and beyond, where
Cross-sectoral Strand
possible on the basis of long-term strategies;
Article 14
Cultural and Creative Sectors Guarantee Facility
(c) providing support to strengthen European cultural and
creative organisations and international networking in
1. The
Commission
shall
establish
a
Guarantee
Facility
order to facilitate access to professional opportunities.
targeting the cultural and creative sectors.
The Guarantee Facility shall operate as a self-standing
2. The
priorities
in
the
field
of
promoting
transnational instrument and shall be set up and managed in accordance
circulation and mobility shall be the following:
with Title VIII of the Financial Regulation.
(a) supporting international touring, events, exhibitions and
2. The
Guarantee
Facility
shall
have
the
following
priorities:
festivals;
(a) to facilitate access to finance for SMEs and micro, small and
medium-sized organisations in the cultural and creative
(b) supporting the circulation of European literature with a view
sectors;
to ensuring its widest possible accessibility;
(b) to improve the capacity of participating financial inter
(c) supporting audience development as a means of stimulating
mediaries to assess the risks associated with SMEs and
interest in, and improving access to, European cultural and
micro, small and medium-sized organisations in the
creative works and tangible and intangible cultural heritage.
cultural and creative sectors and with their projects,
including through technical assistance, knowledge-building
and networking measures.
Article 13
Support measures of the Culture Sub-programme
The priorities shall be implemented in accordance with Annex I.
1. In order to implement the priorities set out in Article 12,
the Culture Sub-programme shall provide support for:
3. In
accordance
with
Article
139(4)
of
the
Financial
Regu
lation, the Commission shall implement the Guarantee Facility
in an indirect management mode by entrusting tasks to the EIF
(a) transnational cooperation projects bringing together cultural
as referred to in point (iii) of Article 58(1)(c) of that Regulation,
and creative organisations from different countries to
subject to the terms of an agreement between the Commission
undertake sectoral or cross-sectoral activities;
and the EIF.
Article 15
(b) activities by European networks of cultural and creative
organisations from different countries;
Transnational policy cooperation
1. In
order
to
promote
transnational
policy
cooperation,
the
Cross-sectoral Strand shall support:
(c) activities by organisations with a European vocation
fostering the development of emerging talent and stimu
lating the transnational mobility of cultural and creative
(a) transnational exchange of experiences and know-how in
players and circulation of works, with the potential to
relation to new business and management models, peer-
exert a broad influence on the cultural and creative
learning activities and networking among cultural and
sectors and to provide for lasting effects;
creative organisations and policy-makers related to the
development of the cultural and creative sectors,
promoting digital networking where appropriate;
(d) literary translation and its further promotion;
(b) the collection of market data, studies, analysis of labour
market and skills needs, European and national cultural
(e) special actions designed to make the richness and diversity
policies analysis and support for statistical surveys based
of European cultures more visible and to stimulate inter
on instruments and criteria specific to each sector and
cultural dialogue and mutual understanding, including
evaluations, including measurement of all aspects of the
Union cultural prizes, the European Capitals of Culture
impact of the Programme;
action and the European Heritage Label action.
(c) payment of the contribution fee for Union membership of
2. The
measures
set
out
in
paragraph
1
shall
support,
in
the Observatory to foster data collection and analysis in the
particular, not-for-profit projects.
audiovisual sector;

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(d) testing of new and cross-sectoral business approaches to
(f) ensure the communication and dissemination of
funding, distributing and monetising creation;
information concerning the Union funding awarded and
the results obtained for their country.
(e) conferences, seminars and policy dialogue, including in the
field of cultural and media literacy, promoting digital
networking where appropriate;
4. The
Commission,
acting
together
with
the
Member
States,
shall ensure the quality and results of the service provided by
the Creative Europe Desks through regular and independent
monitoring and evaluation.
(f) the Creative Europe Desks referred to in Article 16 and the
performance of their tasks.
CHAPTER V
2. By
30
June
2014,
the
Commission
shall
carry
out
a
feasi
bility study exploring the possibility of collecting and analysing
Performance results and dissemination
data in the cultural and creative sectors other than the audio
Article 17
visual sector, and shall present the results of that study to the
European Parliament and to the Council.
Consistency and complementarity
1. The
Commission,
in
cooperation
with
the
Member
States,
Depending on the results of the feasibility study, the
shall ensure the overall consistency and complementarity of the
Commission may submit a proposal to amend this Regulation
Programme with:
accordingly.
(a) relevant Union policies, such as those in the fields of
Article 16
education, employment, health, the internal market, the
digital agenda, youth, citizenship, external relations, trade,
Creative Europe Desks
research and innovation, enterprise, tourism, justice,
1. The
countries
participating
in
the
Programme,
acting
enlargement and development;
together with the Commission, shall establish Creative Europe
Desks in accordance with their national law and practice (the
"Creative Europe Desks").
(b) other relevant Union funding sources in the field of culture
and media policies, in particular the European Social Fund,
the European Regional Development Fund and the research
2. The
Commission
shall
support
a
network
of
Creative
and innovation programmes, as well as the financial
Europe Desks.
instruments relating to justice and citizenship, external
cooperation programmes and the pre-accession instruments.
3. The
Creative
Europe
Desks
shall
carry
out
the
following
tasks, while taking into account the specific characteristics of
each sector:
2. This
Regulation
shall
apply
and
be
implemented
without
prejudice to the international commitments of the Union.
(a) provide information about, and promote, the Programme in
their country;
Article 18
Monitoring and evaluation
(b) assist the cultural and creative sectors in relation to the
Programme and provide basic information on other
1. The
Commission
shall
ensure
regular
monitoring
and
relevant support opportunities available under Union policy;
external evaluation of the Programme against the qualitative
and quantitative performance indicators set out below:
(c) stimulate cross-border cooperation within the cultural and
creative sectors;
(a) indicators for the general objectives referred to in Article 3:
(d) support the Commission by providing assistance regarding
the cultural and creative sectors in the countries partici
(i) the cultural and creative sectors' level, change in and
pating in the Programme, for example through the
share of employment and share of gross domestic
provision of available data on those sectors;
product;
(e) support the Commission in ensuring proper communication
(ii) the number of people accessing European cultural and
and dissemination of the results and impacts of the
creative works, including, where possible, works from
Programme;
countries other than their own;

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(b) indicators for the specific objective referred to in point (a) of
(iv) the number of SMEs and micro, small and medium-
Article 4:
sized organisations benefiting from the Guarantee
Facility, categorised by national origin, size and sectors;
(i) the scale of international activities of cultural and
creative organisations and the number of transnational
(v) the average default rate of loans;
partnerships created;
(vi) the achieved leverage effect of guaranteed loans in
(ii) the number of learning experiences and activities
relation to the indicative leverage effect (1:5,7);
supported by the Programme which have improved
the competences and increased the employability of
cultural and creative players, including audiovisual
(f) indicators for the specific objective referred to in point (d)
professionals;
of Article 4:
(i) the number of Member States making use of the results
(c) indicators for the specific objective referred to in point (b)
of the open method of coordination in their national
of Article 4 as regards the MEDIA Sub-programme:
policy development;
(i) the number of admissions for non-national European
(ii) the number of new initiatives and policy outcomes.
films in Europe and European films worldwide (10
most important non-European markets) in cinemas;
2. The
results
of
the
monitoring
and
evaluation
process
shall
be taken into account in the implementation of the Programme.
(ii) the percentage of European audiovisual works in
cinemas, on television and on digital platforms;
3. In
addition
to
regularly
monitoring
the
Programme,
the
Commission shall establish a mid-term evaluation report, based
(iii) the number of people in the Member States accessing
on an external and independent evaluation, which:
non-national European audiovisual works and the
number of people in the countries participating in the
Programme accessing European audiovisual works;
(a) includes qualitative and quantitative elements, in order to
assess the effectiveness of the Programme in achieving its
objectives, the efficiency of the Programme, and its
(iv) the number of European video games produced in the
European added value;
Union as well as in the countries participating in the
Programme;
(b) addresses the scope for simplification of the Programme, its
internal and external coherence, the continued relevance of
(d) indicators for the specific objective referred to in point (b)
all its objectives and the contribution of the measures to the
of Article 4 as regards the Culture Sub-programme:
Union priorities of smart, sustainable and inclusive growth;
(i) the number of people directly and indirectly reached
(c) takes into account evaluation results concerning the long-
through projects supported by the Programme;
term impact of Decisions No 1718/2006/EC, No 1855/
2006/EC and No 1041/2009/EC.
(ii) the number of projects addressed to children, young
people and under-represented groups and the
4. The
Commission
shall
submit
the
mid-term
evaluation
estimated number of people reached;
report referred to in paragraph 3 to the European Parliament
and the Council by 31 December 2017.
(e) indicators for the specific objective referred to in point (c) of
Article 4:
5. On
the
basis
of
a
final
external
and
independent
evalu
ation, the Commission shall establish a final evaluation report
which assesses the longer-term impacts and the sustainability of
(i) the volume of loans guaranteed in the framework of the
the Programme on the basis of the selected quantitative and
Guarantee Facility, categorised by national origin, size
qualitative indicators. With regard to the specific objective
and sectors of SMEs and micro, small and medium-
referred to in point (c) of Article 4, the Commission shall
sized organisations;
also evaluate the effects of the Guarantee Facility on access to
bank loans and the associated costs for SMEs and micro, small
and medium-sized organisations in the cultural and creative
(ii) the volume of loans granted by participating financial
sectors.
intermediaries, categorised by national origin;
6. The
Commission
shall
submit
the
final
evaluation
report
(iii) the number and geographical spread of participating
referred to in paragraph 5 to the European Parliament and the
financial intermediaries;
Council by 30 June 2022.

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Article 19
CHAPTER VII
Communication and dissemination
Implementing provisions
1. The
Commission
shall
provide
the
countries
participating
Article 22
in the Programme with information concerning the projects
which have received the Union's funding, by transmitting the
Implementation of the Programme
selection decisions within two weeks of their adoption.
1. The
Commission
shall
implement
the
Programme
in
accordance with the Financial Regulation.
2. Beneficiaries
of
the
projects
supported
by
the
Programme
shall ensure the communication and dissemination of
2. The
Commission
shall
adopt
by
means
of
implementing
information concerning the Union's funding they have
acts an annual work programme concerning the Sub-
received and the results obtained.
programmes and the Cross-sectoral Strand. The Commission
shall ensure in the annual work programme that the general
3. The
Commission
shall
ensure
the
dissemination
of and specific objectives set out in Articles 3 and 4 as well as the
relevant information to the Creative Europe Desks.
priorities set out in Articles 9 and 12 are implemented annually
in a consistent manner, and shall outline the expected results,
the method of implementation and the total amount of the
CHAPTER VI
financing plan. The annual work programme shall also
contain a description of the measures to be financed, an indi
Delegated acts
cation of the amount allocated to each measure and an
Article 20
indicative implementation timetable.
Delegation of powers to the Commission
For grants, the annual work programme shall include the prior
The Commission shall be empowered to adopt delegated acts in
ities, the eligibility, selection and award criteria, and the
accordance with Article 21 in order to supplement the quali
maximum rate of co-financing. The financial contribution
tative and quantitative performance indicators laid down in
from the Programme shall be a maximum of 80 % of the
Article 18(1).
costs of the operations supported.
Article 21
For the Guarantee Facility, the annual work programme shall
include the eligibility and selection criteria for financial inter
Exercise of the delegation
mediaries, the exclusion criteria in respect of the content of
projects submitted to the participating financial intermediaries,
1. The
power
to
adopt
delegated
acts
is
conferred
on
the the annual allocation to the EIF and the eligibility, selection and
Commission subject to the conditions laid down in this Article.
award criteria for capacity-building providers.
2.
The power to adopt delegated acts referred to in Article 20
Those implementing acts shall be adopted in accordance with
shall be conferred on the Commission for the duration of the
the examination procedure referred to in Article 23(4).
Programme.
3. The
Commission
shall
adopt
the
general
guidelines
for
the
3. The
delegation
of
power
referred
to
in
Article
20
may
be implementation of the Programme in accordance with the
revoked at any time by the European Parliament or by the
advisory procedure referred to in Article 23(3).
Council. A decision to revoke shall put an end to the delegation
of the power specified in that decision. It shall take effect the
day following the publication of the decision in the Official
Article 23
Journal of the European Union or at a later date specified
therein. It shall not affect the validity of any delegated acts
Committee procedure
already in force.
1. The
Commission
shall
be
assisted
by
a
committee
(the
"Creative Europe Committee"). That committee shall be a
4. As
soon
as
it
adopts
a
delegated
act,
the
Commission
shall committee within the meaning of Regulation (EU)
notify it simultaneously to the European Parliament and to the
No 182/2011.
Council.
2. The
Creative
Europe
Committee
may
meet
in
specific
5. A
delegated
act
adopted
pursuant
to
Article
20
shall
enter configurations to deal with concrete issues relating to the
into force only if no objection has been expressed either by the
Sub-programmes and the Cross-sectoral Strand.
European Parliament or the Council within a period of two
months of notification of that act to the European Parliament
3. Where
reference
is
made
to
this
paragraph,
Article
4
of
and the Council or if, before the expiry of that period, the
Regulation (EU) No 182/2011 shall apply.
European Parliament and the Council have both informed the
Commission that they will not object. That period shall be
extended by two months at the initiative of the European
4. Where
reference
is
made
to
this
paragraph,
Article
5
of
Parliament or of the Council.
Regulation (EU) No 182/2011 shall apply.

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Article 24
6. By
way
of
derogation
from
Article
130(2)
of
the
Financial
Regulation, and in duly justified cases, the Commission may
Financial provisions
consider costs directly linked to the implementation of the
1. The financial envelope for the implementation of the
supported actions and activities as eligible even if they are
Programme for the period from 1 January 2014 to 31 December
incurred by the beneficiary before the submission of the grant
2020 is set at EUR 1 462 724 000 in current prices.
application.
The annual appropriations shall be authorised by the European
Article 25
Parliament and the Council within the limits of the multiannual
Protection of the financial interests of the Union
financial framework.
1. The
Commission
shall
take
appropriate
measures
to
ensure that, when actions financed under this Regulation are
2. The
financial
envelope
referred
to
in
paragraph
1
shall
be implemented, the financial interests of the Union are protected
allocated as follows:
by the application of preventive measures against fraud,
corruption and any other illegal activities, by effective checks
and inspections and, if irregularities are detected, by recovery of
the amounts unduly paid and, where appropriate, by effective,
(a) at least 56 % for the MEDIA Sub-programme;
proportionate and dissuasive administrative and financial
penalties.
(b) at least 31 % for the Culture Sub-programme;
2. The
Commission
or
its
representatives
and
the
Court
of
Auditors shall have the power of audit, on the basis of
(c) a maximum of 13 % for the Cross-sectoral Strand, with at
documents and on-the-spot checks and inspections, over all
least 4 % being allocated for the transnational cooperation
grant beneficiaries, contractors and subcontractors who have
measures listed in Article 15 and for the Creative Europe
received Union funds under the Programme.
Desks.
3. OLAF
may
carry
out
investigations,
including
on-the-spot
checks and inspections in accordance with the provisions and
3. The
administrative
costs
in
respect
of
the
implementation procedures laid down in Regulation (Euratom, EC) No 2185/96
of the Programme shall form part of the allocation set out in
and Regulation (EU, Euratom) No 883/2013, with a view to
paragraph 2 and the total amount of those costs shall not
establishing whether there has been fraud, corruption or any
exceed 7 % of the Programme's budget, of which 5 % shall be
other illegal activity affecting the financial interests of the Union
allocated to the implementation of the MEDIA Sub-programme
in connection with a grant agreement or grant decision or a
and 2 % to the implementation of the Culture Sub-programme.
contract funded under the Programme.
4. The
financial
envelope
referred
to
in
paragraph
1
may 4. Without prejudice to paragraphs 1, 2 and 3, cooperation
cover expenses pertaining to preparatory, monitoring, control,
agreements with third countries and international organisations,
audit and evaluation activities which are directly necessary for
contracts, grant agreements and grant decisions resulting from
the management of the Programme and the achievement of its
the implementation of this Regulation shall contain provisions
objectives, in particular studies, meetings of experts, information
expressly empowering the Commission, the Court of Auditors
and communication actions, including institutional communi
and OLAF to conduct audits and investigations, according to
cation of the political priorities of the Union in so far as they
their respective competences.
are related to the general objectives of the Programme, and
expenses connected with IT networks focusing on information
processing and exchange, together with all other technical and
administrative assistance expenses incurred by the Commission
CHAPTER VIII
in managing the Programme.
Final provisions
Article 26
5. The
financial
envelope
referred
to
in
paragraph
1
may
cover the technical and administrative assistance expenses
Repeal and transitional provision
necessary to ensure the transition between the measures
1.
Decisions No 1718/2006/EC, No 1855/2006/EC and
adopted under Decisions No 1718/2006/EC, No 1855/2006/EC
No 1041/2009/EC are hereby repealed with effect from
and No 1041/2009/EC and this Regulation.
1 January 2014.
If necessary, appropriations may be entered in the budget
2. Activities
undertaken
by
31
December
2013
on
the
basis
beyond 2020 to cover similar expenses, in order to allow for
of the Decisions referred to in paragraph 1 shall, until they are
the management of actions not yet completed by 31 December
terminated, continue to be managed in compliance with those
2020.
Decisions.

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Article 27
Entry into force
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the
European Union.
It shall apply from 1 January 2014.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Strasbourg, 11 December 2013.
For the European Parliament
For the Council
The President
The President
M. SCHULZ
V. LEKEVIIUS

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EN
20.12.2013 Official
Journal
of
the
European
Union L
347/235
ANNEX I
IMPLEMENTATION ARRANGEMENTS FOR THE CULTURAL AND CREATIVE SECTORS GUARANTEE
FACILITY
The financial support provided by the Guarantee Facility shall be earmarked to SMEs and micro, small and medium-sized
organisations in the cultural and creative sectors, adapted to the specific needs of the sectors and branded as such.
1. Tasks
The Guarantee Facility shall provide:
(a) guarantees to participating financial intermediaries from any country participating in the Guarantee Facility;
(b) participating financial intermediaries with additional expertise to evaluate risks associated with SMEs and micro,
small and medium-sized organisations and with their cultural and creative projects.
2. Selection of participating financial intermediaries
The EIF shall select participating financial intermediaries in conformity with best market practice and with the specific
objective referred to in point (c) of Article 4. The selection criteria shall include in particular:
(a) the volume of debt financing made available to SMEs and micro, small and medium-sized organisations;
(b) the risk management policy for lending operations, in particular in relation to cultural and creative projects;
(c) the ability to build a diversified loan portfolio and to propose a marketing and promotion plan to SMEs and
micro, small and medium-sized organisations across regions and sectors.
3. Duration of the Guarantee Facility
Individual guarantees may have a maturity of up to 10 years.
In accordance with point (i) of Article 21(3) of the Financial Regulation, repayments generated by the guarantees shall
be assigned to the Guarantee Facility for a period not exceeding the period of commitment plus 10 years. Repayments
generated in accordance with the provisions of relevant delegation agreements by the operations of the MEDIA
Production Guarantee Fund set up before 2014 shall be assigned to the Guarantee Facility in the period 2014-
2020. The Commission shall inform the Member States of such assignments through the Creative Europe Committee.
4. Capacity-building
Capacity-building under the Guarantee Facility is the provision of expertise to participating financial intermediaries in
order to increase their understanding of the cultural and creative sectors (in aspects such as the intangible nature of
collateral assets, the size of the market lacking critical mass, and the prototype nature of products and services) and the
provision to each participating financial intermediary of additional expertise in building portfolios and evaluating risks
associated with cultural and creative projects.
The resources allocated to capacity-building shall be limited to 10 % of the budget for the Guarantee Facility.
The EIF shall select the capacity-building providers on behalf of the Guarantee Facility and under the supervision of the
Commission through a public and open procurement procedure, on the basis of criteria such as experience in
financing the cultural and creative sectors, expertise, geographical reach, delivery capacity and market knowledge.
5. Budget
The budgetary allocation shall cover the full cost of the Guarantee Facility, including payment obligations towards
participating financial intermediaries such as losses from guarantees, management fees for the EIF managing the
Union's resources, and any other eligible costs or expenses.

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L 347/236
EN
Official Journal of the European Union
20.12.2013
6. Visibility and awareness-raising
The EIF shall contribute to the promotion of the Guarantee Facility vis-à-vis the European banking sector. Additionally,
each participating financial intermediary and the EIF shall ensure that an appropriate level of visibility and transparency
is given to the support under the Guarantee Facility, by providing information on the financial opportunities to the
target SMEs and micro, small and medium-sized organisations.
To that end, the Commission shall, inter alia, provide the network of Creative Europe Desks with the necessary
information to enable them to carry out their tasks.
7. Types of loan
Types of loan covered by the Guarantee Facility shall include, in particular:
(a) investment in tangible or intangible assets;
(b) business transfers;
(c) working capital (such as interim finance, gap finance, cash flow, credit lines).

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EN
20.12.2013 Official
Journal
of
the
European
Union L
347/237
ANNEX II
LOGO OF THE MEDIA SUB PROGRAMME
The MEDIA Sub programme logo shall be as follows:

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Document Outline

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