The organization is taking advantage of the Marché du Film to present its next frameworks for action.
The Spanish Government presented at the Marché du Film at the Cannes Film Festival the second phase of the “Spain, Audiovisual Hub of Europe” Plan, an initiative aimed at consolidating the country as a leader in digital audiovisual production and attracting international investment.
Main novelties:
- Spain Audiovisual Hub line: €1,712 million in loans and repayable investments have been mobilized to finance projects in film, television, digital culture, video games and visual effects.
- Fund management: The Spanish Society for Technological Transformation (SETT), attached to the Ministry for Digital Transformation and Public Function, manages these resources.
- Strategic objective: To boost private investment and improve access to financing for audiovisual projects, strengthening the sector’s competitiveness in the global market.
This new phase is part of the Recovery, Transformation and Resilience Plan (PRTR) and seeks to consolidate Spain’s role as an international benchmark in the audiovisual industry.
For more information, you can consult the full article on the official website of the Recovery Plan.
