The German federal government is stepping in with a sweeping aid package for the country’s creative and cultural sectors. The staggering €50 billion ($54 billion) in backing comes less than two weeks since Germany first made its promise of support.
The three-part package includes up to €50 billion ($54 billion) in aid for individuals who are self-employed as well as for small businesses. It will come in the form grants designed to help with overhead costs like venue rentals and artist studios.
— Artnet
According to Artnet, the funding will also support media enterprises, including newspapers. "We know the hardships, we know the desperation," said culture minister Monika Grütters in a statement. "The cultural sector in particular is characterized by a high proportion of self-employed people who now have problems with their livelihoods." Grütters expressed the federal governments awareness and recognition of the importance of creative industries, reports Artnet.
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