£856m loan could be coming to Europe's indie music companies

Independent music companies could be set to recieve a portion of a €1bn (£855.9m) loan generated by the European Commision.

Word from Midem 2013, which took place in Cannes, France earlier this week, is that the European Commission and its investment fund (EIF) discussed a proposal for a new loan guarantee scheme with independent music companies.

The proposal is expected to be approved this year and would come into effect in January 2014.

Europe is aiming to address a finance ...

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