In a move that will provide much-needed support to the entertainment sector, the French government has announced a €2 billion cultural recovery plan.
The coronavirus pandemic has dramatically affected all corners of the cultural landscape, limiting the capacity of artists, DJs, venue owners and event organisers to continue working and stay afloat. Governments across the world have been stepping in to provide much-needed support to the entertainment industry, as live events, festivals and club nights remain unviable due to the global situation. France has become the latest country to directly address this situation, announcing a fund that will support cultural organisations and artists impacted by the pandemic. As cultural industries represent 2.3% of France’s GDP, with 670,000 jobs in the sector, this move is a vital step that will provide essential funding to maintain a pillar of the nation’s economy.
The €2 billion in funds follows a previous commitment of €856 million announced earlier this year. The money will be split between a range of cultural organisations, including theatres, opera houses, and galleries. €200 million has been earmarked for live performance venues that host “shows, concerts, and recorded music”, while €30 million will be directed towards artists of all disciplines, including musicians and producers.
“Culture as a whole has been hit hard by the health crisis.”
French Government