By Jamie Lang MADRID – While Spain’s audiovisual industry anxiously awaits federal relief measures to be approved this coming Tuesday, April 28, the Comunidad de Madrid – the Madrid Region – has announced a €1 million ($1.08 million) investment to generate €40million ($43.14 million) of financial aid for the film, TV and performing arts sectors.
Each will receive half the financial facilities generated by the Línea COVID-19 Liquidez Cultural Comunidad de Madrid (Madrid Region COVID-19 Credit Line).
Madrid’s Ministry of Culture, headed by Marta Rivera, announced on Friday morning that the financial aid package will be handled by the Reciprocal Guarantee Society Crea SGR, a non-profit bank guarantee scheme which shares the financial risk
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