SETT transfers the keys to the second phase of the Spain Audiovisual Hub plan in Conecta
Conecta Fiction & Entertainment has hosted a presentation of the Spanish Society for Technological Transformation (SETT) in which the new co-investment and co-financing opportunities for the audiovisual sector offered by the second phase of the plan have been presented Spain Audiovisual Hub.
The operation of the SETT as an investment management entity makes it an actor that generates financial opportunities and a public lever for business opportunities in sectors such as audiovisual. The organization executes, among others, the Spain Audiovisual Hub Fund, an instrument for implementing the funds of the PRTR Plan, from the Next Generation Fund of the European Union.
With the new phase of the Spain Audiovisual Hub plan, the aim is to encourage private investment and improve access to financing in projects related to films, fiction, television, content, digital culture, as well as multimedia and interactive content, such as video games, immersive experiences and visual effects. Likewise, it seeks to develop capital markets in these areas. María Coronado, director of Audiovisual of the SETT, together with Carla Redondo Galbarriatu, general director of Regulation of Digitalization and Audiovisual Communication Services of the SEDIA, have been in charge of explaining in detail in Conecta Fiction the keys to this plan.
The new stage of the Spain Audiovisual Hub plan, led by the Ministry for Digital Transformation and Public Service, through SEDIA, has a budget of 1,712 million euros, providing financing and investments in equity and quasi-equity, directly or through intermediaries carrying out similar activities. The first phase of the Spain Audiovisual Hub Europe Plan, developed between 2021 and 2024, granted a total of 1,603 million euros in aid regime.
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