Cultural industry sector

We advise you throughout the entire process to help you obtain financing for your project.

background of the Cultural Industry sector

Cultural Industry

The cultural and creative industry is a strategic sector not only for its economic value but also for the cultural and symbolic significance it represents, further generating a 'spill-over' effect in other sectors such as tourism or sports.

According to data from the Satellite Account of Culture in Spain, the cultural and creative industry represents 3.4% of the GDP. Among the total cultural activity, the primary groups are audiovisual and multimedia (film, video, recorded music, TV, etc.) at 28.5%; books and press at 24.9%, visual arts at 20.6%, and performing arts at 10.2%.

In terms of employment, it accounts for 3.5% of the total with 668 thousand employees. A noteworthy fact is that 71.9% of the total have higher education (compared to 45.5% when considering all sectors of the economy). Among them, 66.8% are employees, compared to the national average of 83.9%. In terms of the number of companies, it represents 3.9% of the total, exceeding 132 thousand.

CREA has a department dedicated to Audiovisual, while the rest of the sectors are grouped under Cultural Industry.

We work directly with institutions and associations that encompass the sector so that the message reaches everyone, signing agreements and participating in cultural sector events and meetings.

What we fund: music, performing arts, video games, publishing, visual arts, photography, museums, galleries, dance, circus, advertising, etc.

If you have a professional activity in the cultural industry sector, CREA is your financial institution.

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Our objective is to offer you the financial tools that allow you to undertake your project's financing. To achieve this, we always strive to tailor financial products that adapt to the specific needs of these sectors.. To achieve this, we always strive to tailor financial products that adapt to the specific needs of the sector.

We currently offer you guarantees that will allow you to access financing in the following sectors. If your project does not fit into these categories but has a cultural or creative you can also access our products.

imagen de Music sombra de Music

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Music

The music industry has coexisted with technological changes since its inception, enabling the transition from music as a live and interactive experience to an entertainment industry that encompasses a wider range of alternatives.

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Performing Arts Fund

The Performing Arts are a teaching tool for developing creativity, interpretation, memory, expressive, and personal skills, all of which are essential capacities for human communication.

imagen de Digital Creation and Video Games sombra de Digital Creation and Video Games

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Digital Creation and Video Games

play a significant role in the development of personality and intelligence, provided they are used for this purpose in addition to entertainment.

imagen de Other cultural and creative industry sombra de Other cultural and creative industry

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Other cultural and creative industry

The cultural and creative industry is vital for the well-being of a country for many reasons, including the diversity of sectors it includes. A high development of this industry is an essential indicator of any developed and advanced economy.

Guarantees for the Cultural Industry Sector

Check out our help is designed to to apply for the guarantee online

FINANCING FOR ARTISTS From 20,000€ Up to 100,000€

Financiación destinada a artistas de la musica para financiar nuevos proyectos. Esta financiación se devolverá con los ingresos derivados de la actividad del artista. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 100,000€
  • Term from 12 months up to 48 months

FINANCING FOR LIVE MUSIC PROMOTERS From 20,000€ Up to 2,000,000€

Financiación destinada a la realización de conciertos y festivales de música. CREA estudiará las necesidades de financiación del proyecto y proveerá una financiación adaptada a este, de forma que la devolución se haga con los ingresos del evento. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 2,000,000€
  • Term from 12 months up to 24 months

FINANCING FOR OTHER AGENTS MUSIC SECTOR From 20,000€ Up to 2,000,000€

Financiación destinada a todos los agentes del sector de la música, tanto de música grabada como de musica en vivo. CREA estudiará una financiación adaptada a las necesidades financieras de cada caso individual. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 2,000,000€
  • Term from 12 months up to 60 months

FINANCING FOR PRODUCTIONS AND TOURS From 20,000€ Up to 1,000,000€

Financiación destinada a la producción y/o gira de espectáculos en vivo. Realizado por compañías, productoras y autónomos del sector de las artes escénicas. Se devolverá con los ingresos generados por las producciones: subvenciones, patrocinios, caches y otros derechos de cobro. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 1,000,000€
  • Term from 12 months up to 36 months

Financiación destinada a todos los agentes del sector del Teatro, el Circo, la Danza, Lírica. CREA estudiará una financiación adaptada a las necesidades financieras de cada caso individual. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 500,000€
  • Term from 12 months up to 60 months

OWN IP FINANCING From 20,000€ Up to 500,000€

CREA ofrece financiación a empresas, estudios, productoras y autónomos del sector de la Creación Digital y Videojuegos para la realización de IP Propias, siempre que tengan viabilidad de ejecución y retorno. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 500,000€
  • Term from 12 months up to 60 months

IP FINANCING FOR THIRD PARTIES From 20,000€ Up to 2,000,000€

CREA ofrece financiación a empresas, estudios, productoras y autónomos del sector de la Creación Digital y Videojuegos para la realización de IP para Terceros, siempre que tengan viabilidad de ejecución y retorno. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 2,000,000€
  • Term from 12 months up to 24 months

CULTURAL SECTOR FINANCING From 20,000€ Up to 2,500,000€

Financiación destinada a agentes del sector cultural para la realización de nuevos proyectos, crecimiento empresarial y adelanto de subvenciones. La devolución del préstamo se hará con los ingresos derivados de estos. RELLENA IMPORTE Y PLAZO

  • Amount from 20,000€ Up to 2,500,000€
  • Term from 12 months up to 60 months

Now you can apply for your Guarantee Online

Register on our online platform and you will be able to apply for the guarantee and process related subsidies. Whether you are an entrepreneur, self-employed individual, company, or work in a financial institution, you can manage all the steps of the guarantee, from application to approval, quickly and easily. Access the platform now and sign up as a user.

Apply for your guarantee

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Projectsof the Cultural Industry

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  • Music
  • Performing Arts Fund
  • Digital Creation and Video Games
  • Publishing
  • Fine Arts
  • Other Industry
Steps

We help and advise you throughout the whole process

1

Apply for the Guarantee

If you have already explored our website and reviewed our guide, you are now ready to access the 'Apply for your guarantee' section and complete the necessary documentation. Additionally, feel free to call us for an initial consultation.

2

Pre-feasibility analysis

If your application meets the requirements, we will proceed with validating the documentation. In the event that CREA is unable to finance your operation, we will promptly contact you to discuss alternative options

3

Feasibility study

The risk department will carefully review your application and may request additional information to facilitate its approval

4

Process the operation

After CREA approves the financing, our formalization department will reach out to the most suitable bank. Once all the necessary preparations are in place, we will notify you to schedule the signing at the notary's office

*Requirements:
  • Sector
  • SME size (being a small or medium-sized company): self-employed, Ltd., Inc., association, foundation, etc.
  • No payment incidences in official registries (Tax Authorities, Social Security, Cirbe, Asnef, etc.)
  • Have at least one worker (or be self-employed)

¿You still have any doubts?

Frequently Asked Questions (FAQ)

Is it necessary to be a company in order to request a guarantee from CREA SGR?

  • No, CREA can provide guarantees to self-employed individuals and small and medium-sized enterprises (SMEs), but it does not offer guarantees to individuals.

Is it possible to apply for a guarantee from CREA SGR in any sector?

  • No, CREA is the only Spanish Mutual Guarantee Society that exclusively operates within specific sectors, which include the audiovisual, cultural and creative, sports, and gaming and entertainment industries.

Is it required to be a partner of CREA SGR to obtain their guarantee?

  • Yes, it is a prerequisite, as this is what the mutual guarantee is all about, <strong>to help each other by integrating a common fund that facilitates obtaining financing.</strong> But don't worry, you won't have to pay any amount until you have formalized the guarantee with the bank.

    The amount will be 0.5% of the formalized amount, rounded to multiples of 60€ (the nominal value of the social shares).

    This capital is refundable at the expiry of the operation, at which time you can choose to request a refund or remain a Partner of CREA. If you decide to remain a partner, you will continue to receive our advice and information. and you will help this instrument to become stronger.

What documentation is required to be provided?

  • We will request information regarding the project or activity you intend to undertake, as well as fiscal and legal documentation

    you can find the required documentation in the products of each sector.

How do I apply?

  • You must apply online. Our guide is designed to assist you throughout the process.

    Don't worry, for any questions you can contact us through our phone number 915123048 and we will guide you during the entire application process.

What are the CREA SGR's costs?

  • This financing has costs from CREA and costs from the banking institution.

    The CREA's costs are (1):

    • 0,5% Study Commission
    • 1% Annual guarantee commission (2)
    • 0,5% Social shares (refundable upon completion of the operation)

    (1) As long as the operation complies with CREA SGR's risk standard..
    (2) Subsidized cost during the first year for operations in the audiovisual and cultural industry sectors, subject to nominative approval by the Subdirectorate General of Cultural Industries of the Ministry of Culture and availability of funds.

When do I go to the bank, before or after obtaining the guarantee from CREA SGR?

  • You should directly approach CREA to analyze your project and obtain the guarantee. We will take care of all the banking procedures on your behalf.
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If you have a project and you need financing at the best market conditions, apply for your guarantee

Apply for your guarantee Ver Tutorial

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