ICO Crecimiento Audiovisual: 300 million euros for film, video game and culture SMEs
Spain's Instituto de Crédito Oficial (ICO) launched ICO Crecimiento Audiovisual, a program with an initial endowment of more than 300 million euros from the NextGenerationEU European funds. It offers loans of between 50,000 euros and 2.5 million per operation, with a cap of 3 million per company or group, and repayment terms adapted to the industry's pace. It is part of España Crece and applications are open until December 31, 2027.
In 40 seconds
- Initial endowment of more than 300 million euros from NextGenerationEU, within the España Crece fund.
- Loans of 50,000 euros to 2.5 million per operation, with a cap of 3 million per company or group.
- Repayment term of 1 to 5 years and grace period of up to 60 months, with an adjustable schedule for animation, video games or digital content.
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