multiannual financial framework 2014-2020

To realise these ambitions, ‘the Creative Europe programme’, under Heading 3 of the 2014-2020 EU Multiannual Financial Framework (security and citizenship), is the only funding source devoted solely to this broadly defined cultural sector. For the period 2014-2020 it has a total budget of €1 463 million (0.14 % of the total Multiannual Financial Framework in current prices). 31 % is earmarked for projects in the cultural strand, promoting the transnational mobility of artists and CCI operators, the circulation of their works and translation of European literature, European platforms presenting (emerging) talents, etc. The strand also finances EU awards for contemporary architecture, literature, pop music, film projects with the best box-office potential, and cultural heritage. The funding of €1.5 million per city chosen as a European Capital of Culture seeks to trigger other investments for revitalisation projects concerning cultural heritage and cultural attractiveness. In 2016 Wroclaw attracted €615 million, the biggest investment ever for a Capital of Culture.