How Can You Get Dubai Call Girls +971564860409 Call Girls Dubai?
Callum Lee
1. THINK UP CULTURE!THINK UP CULTURE!THINK UP CULTURE!THINK UP CULTURE!
Perspectives on CCIPerspectives on CCIPerspectives on CCIPerspectives on CCI
financing in Europefinancing in Europefinancing in Europefinancing in Europe
Callum Lee
February 2015
Slides at: bopconsulting.eu
2. We focus on the cultural and creative industries
3. ... and we have a global reach
TAIPEI
Strategy and
management
consulting
NETHERLANDS
Research and
European Policy
SHANGHAI
Cultural facilities;
services;
crowdfunding
UK
Research, planning,
strategy, evaluation
consulting
BRAZIL
Research and
evaluation
European Policy
4. CCIs as “inherently risky”?
Type of CCI
business
Increased likelihood of
rejection (vs. all
businesses)
Content (exc.
Music)
13% more likely
Software 5% more likely
“Creative Industries
SMEs cannot be
considered as a block
in terms of their
requirement for and Software 5% more likely
Music / VPA 0% - NO more likely
Services 0% - NO more likely
requirement for and
their access to
finance.”
BOP, 2006 BIS, 2011
5. Creative entrepreneurs may contribute to the
problem
Entrepreneur:
“He did not know what to make of me – as this
weird, 40-something public radio guy”
VC:
“You don’t have the bloodthirsty ambition that a lot
of our founders do.... I get the sense that you just
want to make art”.
StartUp Podcast (gimletmedia.com)
6. Valuation lags behind other sectors but really, the
sector just wants overdrafts
Main financial demands for CCI
businesses are:
1. Overdrafts
2. Leasing
Need for external finance to:
1. Start-up
2. New products
VS. 2. Leasing
3. Hire Purchase
Improved skills required e.g. Business
planning
BIS, 2011
2. New products
3. Market access
Alternative models required e.g.
crowd-funding or IP valuation
KEA, 2011
VS.
7. “Groundhog day” research
2006-BOP
“Creative
Industries
SMEs
cannot be
considered
2011-BIS
“It is
difficult to
talk about
the [CI sub-
sectors] as
2013-NESTA
“There are,
of course,
differences
across
creative
2006
considered
as a
uniform
block”
sectors] as
a single
entity”
2013
creative
service and
content
sectors”
...but still no coherent research into the impact of
TARGETED schemes into the sector
8. Implementation of access to finance schemes has
proven hard
Creative Europe Loan Guarantee Scheme
2012 – 2013 - approved
by EP
Loan guarantee
launch delayed
to 2015
2015 - Loan
Guarantee
planned
launch for
2016
2012 –
announced
Planned
launch 2014
with Creative
Europe.
2014 - Creative
Europe
launches,
without Loan
Guarantee
9. Conclusion
• CCIs are not inherently
risky
• ...but they are diverse
• “Groundhog day”
research but little
conclusion on effective
impact
A research
problem
not just an
impact
• Therefore, it’s unclear
where policymakers
should focus
• And implementation has
proven hard
not just an
implementation
problem