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Loans launched for creative industries 12.03.13

THE Western Development Commission (WDC) has launched its second call for applicants under its Micro Loan Fund for Creative Industries. Loans of up €25,000 are available to successful applicants. Following a very successful first call in June of last year, the fund has already disbursed €120,000 to creative businesses in the western region and looks forward to increasing its disbursals over 2013.
Creative Industries are defined as 'occupations and industries centred on creativity, for the production and distribution of original goods and services'.
Gillian Buckley, investment manager with the WDC said “The fund is designed to support creative industries, which, based on extensive WDC research, is an area of burgeoning growth potential within the region.”
The fund will operate on a competitive 'call for applications’ basis with four calls in 2013. Applications will be accepted from the first working day to the last working day of each quarter in March, June, September and December.
The following 12 creative industries make up the creative sector and businesses from these sectors are eligible to apply:

Art/Antiques trade
Digital media
Internet and software
Music, visual and performing arts
Radio and TV broadcasting
Video, film and photography

Application details at www.wdc.ie/microfundci
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