With a proposed budget of €1.8 billion for the period 2014-2020, the new programme represents a 37% increase on current spending levels. It would allocate more than €900 million in support of the cinema and audiovisual sector and almost € 500 million for culture.

The Commission is also proposing to allocate more than €210 million for a new financial guarantee facility, which would enable small operators to access up to €1 billion in bank loans, as well as around €60 million in support of policy cooperation and fostering innovative approaches to audience building and new business models.

The Commission's Creative Europe proposal would enable:

• 300 000 artists and cultural professionals and their work to receive funding to reach new audiences beyond their home countries;
• More than 1 000 European films would receive distribution support, enabling them to be seen by audiences throughout Europe and the world;
• At least 2 500 European cinemas would receive funding enabling them to ensure that at least 50% of the films they screen are European;
• More than 5 500 books and other literary works would receive support for translation, allowing readers to enjoy them in their mother tongue;
• Thousands of cultural organisations and professionals would benefit from training to gain new skills and to strengthen their capacity to work internationally;
• At least 100 million people would be reached through the projects financed by the programme.

(The Learning Museum Newsletter)