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Are you an entrepreneur in the cultural sector and did your organisation suffer losses as a result of the corona pandemic? You can apply for a Culture Capital Loan (Cultuur Vermogen Lening) to continue your cultural business.
What is the Culture Capital Loan?
The Culture Capital Loan (in Dutch) is meant for cultural and creative organisations and sole proprietorships that have been hit by the corona crisis. Cultural enterprises now miss out on income that is normally reserved for investments or used as a buffer. You use the loan to restore your organisation’s capital. This way you can continue your activities. You are allowed to make use of other support measures as well.
The Culture Capital Loan is part of the Ministry of Education, Culture and Science’s (OCW) financial support measures for the cultural and creative sector (in Dutch).
Who can apply?
Do you want to apply for the Culture Capital Loan for your organisation? You must be able to show that you have an operating loss over the year 2020 as a result of the corona pandemic. Do you want to apply for your sole proprietorship? You must be able to prove that you have suffered a loss in income in 2020 as a result of the corona crisis. In any case you must fulfil the conditions:
- Your business is established in the Netherlands.
- Before corona your enterprise was in a healthy state.
- You have a business plan which demonstrates how you are able to repay the loan.
- You may not use the loan refinance other debts.
How to apply?
You can no longer apply for the Culture Capital Loan. You could apply until 1 October 2021 (in Dutch).