The Western Development Commission has established a dedicated micro-loan fund for the Creative Industries Sector. This €1m ‘Access to Finance’ initiative for the Creative Industries Sector will make loans available ranging from €5,000 to €25,000 over 1 to 5 years at the EU reference rate for unsecured lending.
The micro-loan fund will operate on a competitive basis with bi-annual calls for applications. The first ‘Call for Applications’ opens on Friday, 29th June, 2012 and closes on Friday, 31st August, 2012 at 4 pm.
It is open to all businesses, both start-up and existing, in the Creative Industries Sector and includes the following sub-sectors: advertising, architecture, art/antiques trade, crafts, design, digital media, fashion, internet and software, music, visual and performing arts, publishing, radio and TV broadcasting and video, film and photography.
More information is available and an application form can be downloaded on www.wdc.ie/microfundci
The Western Development Commission will be holding a Briefing Workshop in Roscommon Library, Roscommon Town on Monday, 9th July at 2 pm if you wish to find out more about the initiative.
Issue dated: 05 JULY 2012
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