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Cultivator, Creative Kernow Cultivator is a project overseen by Creative Kernow, providing a programme of skills and business development support for SMEs in Cornwall. It is working with at least 420 businesses over three years. Cultivator is funded through a combination of the European Social Fund, the European Regional Development Fund, Arts Council England and Cornwall Council. ESF funding will be used to develop internships for graduates and non-graduates with creative SMEs. Short-term project-based placements will also be coordinated through Cornwall College to help SMEs offer training to Cornish talent. Cultivator will work with the Real Ideas Organisation (RIO) to help SMEs identify potential interns who are currently not in education, employment or training. Cultivator will also use ESF money to help source and fund one-to-one mentors for SMEs, while the college will work to identify skills gaps among microbusinesses and SMEs and fill them using students or wider sector networks. ERDF funding will be used to fund business development programmes including a knowledge exchange initiative led by Plymouth University that will give creative companies access to a network of creative industries experts both online and through regular events. Innovation labs providing companies with focus groups for R&D will be run by RIO while bespoke development programmes will be established to support Cornish SMEs to export and to grow 24 creative graduate startups through mentoring, networking and support regarding premises. Total funding £3.7m ESF contribution £1m ERDF contribution £2m15

Gateshead (£5.6m grant to complete building), Film City Glasgow, Manchester’s HOME, the Wales Millennium Centre, Falmouth University and the redevelopment of the Birmingham Hippodrome. EU investment frequently allows recipients to attract further match funding. Arts Council England’s Creative Local Growth Fund, for example, allowed beneficiaries of European Structural and Investment Funds (ESIF) to apply for up to £500,000 of match funding. Many recipients report that the endorsement conferred by ESIF awards helps attract private investment. 2b. Local financing and business support The average creative company works on slim financial margins and fewer than four workers, so business support and networking services can be crucial in keeping them in the loop. European Regional Development Funding, which is administered by the Department for Communities and Local Government (DCLG), has worked alongside investment from both Creative Europe and Horizon 2020 to help develop these. A number of those consulted highlighted the importance of these funding streams being allocated at a grassroots level where there is a significant understanding of the local economic context. In Manchester, the example was given of the North West Fund for Digital and Creative which is financed by the ERDF and the European Investment Bank under the European Commission’s Joint European Resources for Micro to Medium Enterprises. It provides seed capital for local creative businesses. Beneficiaries include: the music intelligence platform Beatroot in Macclesfield, who are using £250,000 of investment to roll out their services across the music industry; Sentric, a music rights management company in Liverpool, who have used their investment to expand internationally; and RealityMine, a Manchester-based provider of mobile and research technologies which has also expanded overseas since securing a £750,000 investment package from the fund. In Birmingham, we heard how Creative Europe provided funding to establish the Creative Advantage Fund, a venture capital fund that has invested in companies in the West Midlands since 2000. The Creative Advantage Fund says EU money was crucial to attracting domestic investment, given the innovative nature of its

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Brexit Report

Creative Industries Federation: Brexit report