3 Amendments of Luigi MORGANO related to 2016/2032(INI)
Amendment 22 #
Draft opinion
Paragraph 4
Paragraph 4
4. Understands that in order to improve access to finance in the cultural and creative sector it is necessary to develop expertise in assessing the specific risks of a lack of tangible collateral and, a dependence on intangible assets and uncertainty of market demand in times of digital change; notes that this expertise is needed both within micro- enterprises and SMEs and within the financial institutions; stresses that intellectual property rights can be accepted as collateral;
Amendment 27 #
Draft opinion
Paragraph 5
Paragraph 5
5. Welcomes the launch of the Guarantee Facility of the Creative Europe programme as one of the means of addressing the pressing need for accessing loan financing for innovative and sustainable projects in the cultural and creative sectors, where the financing gap is expected to exceed EUR 1 billion per year according to the Commission’s ex-ante assessment; recalls that the financing gap is the amount in investments lost as companies with sound business strategies and good risk profiles are either refused a loan or decide not to apply for one altogether because they lack sufficient collateral assets;
Amendment 41 #
Draft opinion
Paragraph 6
Paragraph 6
6. Considers it to be crucial that the EU and its Member States broaden the range of financing instruments available to micro- enterprises and SMEs in the cultural and creative sector with new and innovative financing schemes such as microcredit, repayable contributions, crowdfunding, risk capital finance and venture capital.; noting that together with the capacity building of expertise and credit risk protection, the financial intermediaries will propose promotion plans in their application to the European Investment Fund to help fund sustainable and innovative projects for micro, small and medium-sized enterprises, including - under specific conditions - cultural public institutions;