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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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More on creative economy

The creative economy can be characterized as project oriented world. Besides new knowledge and capacities, context related competences, understanding of concepts and processes, it calls for rethinking approaches and organization. The owners of different activities reach beyond companies and entrepreneurs to many forms of enterprises, organisations and contractual arrangements. The key issue is value creation meeting expectations of different stakeholders. The growth of creative industries and economy is based on successful projects and related processes. The provision of finance requests accordingly project finance viewpoint and related assessment methods.

English

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