Culture to benefit from retention of Corona Protective Shield

Aid package and IFB loan for culture extended - Hamburg to maintain close ties with sector
04 January 2022
Elbphilharmonie

The City of Hamburg's Corona Protective Shield remains in place and the Ministry of Culture and Media's funding guidelines have been extended until late 2022 to boost the cultural sector, the senate has announced. The "cultural aid package" benefits music clubs and private theatres that are still suffering from the impact of the pandemic. The IFB-Förderkredit Kultur (IFB Culture Promotion Loan), under which cultural institutions can receive swift financial and emergency aid to remain fluid, has also been extended until late April.

Close ties to cultural scene

"We will continue to do everything possible in the coming year to ensure that artists and cultural institutions get through the coronavirus crisis as well as possible," said Dr Carsten Brosda, Senator for Culture and Media. Given the latest wave of infections, uncertainty in the cultural and creative industries is growing considerably. Now, "continued close contact is important so that the aid reaches where it is most urgently needed", he added.

Federal aid for culture

The German government's aid should be particularly effective now, Brosda remarked. The EUR 2.5 billion in special funds for cultural events is important for the sector. Hamburg has provided EUR 121.7 million in aid for artists and cultural institutions since March 2020. Around EUR 15 million were made available to balance the deficits of state-run cultural institutions in 2021.

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IFB Hamburg

The Hamburgische Investitions- und Förderbank (IFB Hamburg) supports housing and economic development as well as environmental protection and innovation projects. IFB Hamburg is the main point of contact for private individuals, companies and institutions in Hamburg and advises about all of Hamburg's funding offers and those of the German government and the European Union. More information can be found on: www.ifbhh.de