Creative Industries: Loans

House of Lords written question – answered on 10th July 2012.

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Photo of Lord Cotter Lord Cotter Liberal Democrat

To ask Her Majesty's Government whether they will support the provision in the European Union's Creative Europe proposal for a loan guarantee scheme for the creative industries; and what representations they have received from creative industries about this proposal.

Photo of Baroness Garden of Frognal Baroness Garden of Frognal Lords Spokesperson (Department for Culture, Media and Sport), Baroness in Waiting (HM Household) (Whip)

The Government are giving this proposal careful consideration, in the context of the proposals for other European Union financial instruments and the negotiations on the Multiannual Financial Framework for 2014-20. The Department for Culture, Media and Sport (DCMS) has received a number of representations from creative industries, particularly in response to its consultation on the Creative Europe proposal earlier this year. The consultation report and responses are available on the DCMS website at: http://www.culture.gov.uk/consultations/9132.aspx.

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