European Commission allocates €11.7 billion to cultural and creative industries

The European Commission has earmarked €11.7 billion for the recovery and development of cultural and creative industries through the National Recovery and Resilience Facility (RRF).

This funding represents around 2% of the total RRF budget, demonstrating a strong commitment to revitalising a sector heavily impacted by the COVID-19 pandemic.

The RRF, a temporary EU instrument, was established to support member states in building a more sustainable and resilient post-pandemic future. This significant investment aims to restore and strengthen the cultural and creative industries, recognising their vital role in economic recovery, social cohesion, and innovation.

Further details are available in the official press release.

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