Creative Economy Fund
The purpose of the Creative Economy Fund is to develop Albania's handicraft sector, creating an environment conducive to more sustainable economic activity and the creation of new jobs.
The Creative Economy Fund is financed by the state budget and has been established since 2012 under the relevant DCM for three-year periods. It now operates according to DCM No.15, dated 11.01.2017 “On the creation of the Creative Economy (Craft) fund”. This fund has provided a budget of ALL 10,000,000 annually for Micro and Small Enterprises operating in the craft sector.
Projects selected by the craft sector cover the following areas:
- Development of new products;
- Purchase of equipment to promote production;
- Product marketing;
- Qualification and management capacity building of the applicant company.
The Fund provides a subsidy for expenses related to activities approved on the basis of cost sharing. This implies that the grant does not finance all the expenses, but only part of them, while the rest is funded by the grantee (in this case the Albanian enterprise).
For more information see the link: http://aida.gov.al/fondi-i-economic-creative/