Financing the development of creative industries

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Presentation by Dr. Erik Terk from Tallinn University and Creative Metropoles research team on the research Theme 4 - Financing the development of creative industries given at the Experience exchange event in Warsaw, October 2009

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Financing the development of creative industries

  1. 1. Kick-off in Oslo, 4.03-6.03 Creative Metropoles Project Theme 4: Financing the development of creative industries Dr. Erik Terk Tallinn University, Estonian Institute for Futures Studies
  2. 2. Kick-off in Oslo, 4.03-6.03 <ul><li>Financing CI as one element in “new family” of financing policies of the cities. </li></ul><ul><li>Adding new functions to cities (innovation, R&D, cross-border cooperation etc.). </li></ul><ul><li>Joint activities of public, private and third sectors. </li></ul>
  3. 3. Kick-off in Oslo, 4.03-6.03 As a result: <ul><li>more financial schemes at city level. </li></ul><ul><li>more complicated financial system in general </li></ul><ul><li>Additional moment: CI are supported from different levels of public administration – state, region, city. </li></ul>
  4. 4. Kick-off in Oslo, 4.03-6.03 <ul><li>Public funding : </li></ul><ul><li>Operating costs </li></ul><ul><li>Investment funding </li></ul><ul><li>Permanent activities </li></ul><ul><li>Support schemes for business sector : </li></ul><ul><li>Grants </li></ul><ul><li>Venture capital </li></ul><ul><li>Microcredits </li></ul><ul><li>Supported loans </li></ul>Mixed area
  5. 5. Kick-off in Oslo, 4.03-6.03 Financing CI <ul><li>But also: </li></ul><ul><li>incubators and info-consultation centres. </li></ul><ul><li>network initiatives. </li></ul><ul><li>even job-oriented programs. </li></ul><ul><li>Public funding for city owned cultural institutions. </li></ul>
  6. 6. Kick-off in Oslo, 4.03-6.03 Financing CI <ul><li>Financing of creative districts and creative areas. </li></ul><ul><li>Financing of (sub-)sectors and clusters. </li></ul><ul><li>Financing of wider complex programes and patforms (Amsterdam, Berlin, Helsinki). </li></ul>
  7. 7. Kick-off in Oslo, 4.03-6.03 Financing CI <ul><li>Tax related schemes (mainly state level, not city level) </li></ul><ul><li>Special export support schemes </li></ul><ul><li>Special foreign investment support schemes </li></ul><ul><li>Public-private-partnership (?) </li></ul>More rearly used variants:
  8. 8. Kick-off in Oslo, 4.03-6.03 Organisational side of financial support <ul><li>autonomous body (Stockholm, Oslo) </li></ul><ul><li>different departments of city administration </li></ul><ul><li>“ mixed” variants – combinations from two above mentioned approaches </li></ul>Implementation and financing of CI support measures through:
  9. 9. Kick-off in Oslo, 4.03-6.03 Thank you!

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