Media Programme - Production Guarantee Fund

This MEDIA Production Guarantee Fund will be aimed at supporting and facilitating the access of European audiovisual companies to bank credits.
The Fund will receive an annual contribution which will be used to guarantee bank credits granted to European production companies. The setting up and management of this fund will be delegated to a European financial organisation under indirect centralised management. The call is aimed at selecting the organisation that will be entrusted with the mission to implement the fund on behalf of the European Commission.
The Fund that should be launched in the course of the second quarter 2010 will benefit from a total contribution of € 8 million over a 4-year period. It would share the financial risk related to the loans granted by banks to European independent audiovisual producers, by guaranteeing to cover a certain percentage of the loss in case of failure by the producer to reimburse the loan, thus encouraging local banks to grant credits to film producers.