£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 ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.


If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...