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Mapping of Nordic Creative and Cultural Industries

Financial Environment

image of Mapping of Nordic Creative and Cultural Industries

The creative and cultural industries (CCIs) have recently been debated widely, and access to finance has been at the forefront. This KreaNord report, created in 2012, maps the Nordic CCIs’ financial environment, and shows that the environment is facilitating the same access to corporate finance for CCIs as for other sectors. However, the supply of project finance requested by CCIs, is rare/non-existing, and mostly provided as debt. This report concludes the findings as market failure in supply of debt instruments for CCIs, and recommends a development process be initiated.Republished in 2015 following the end of KreaNord, the Nordic Council of Ministers’ initiative on cultural and creative industries (2008–2015).

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Evaluation and Assessment of Creative Economy Concepts and Processes

The hypothesis behind recently implemented competence development project was that “in the framework of creative economy concept resource providers and financiers are facing the challenge how to assess and evaluate the development of content and immaterial asset driven activities and businesses.” Furthermore, it was anticipated also that besides applying corporate finance viewpoint, the project finance viewpoint focusing on concepts and processes would open up opportunities to participate and adapt available experience and instruments.”

English

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