Impact Study: UNESCO-Aschberg Programme for Artists and Cultural Professionals

Figure 12 • Caribbean Export Development Agency - Direct Assistance Grants and Allocation to Creative Industries (euros)

3 500 000

Allotted DAG Funds

Allocation to Creative Industries

3 000 000

2 500 000

2 000 000

1 500 000

1 000 000

500 000

0

Antigua & Barbuda

Barbados Grenada

Haiti

Jamaica St. Lucia St. Vincent Trinidad & Tobago

Source: Caribbean Export Development Agency, 2016

One of the additional benefits of financing and supporting trade services is that the application process encourages emerging firms to structure their business propositions in line with business plan requirements or a feasibility study. This is important to note, as DAGS is one of the main sources of alternative financing for the creative industries (see Figure 12). Funding for the creative sector can be broken down by sub-sectors. As Figure 13 shows, the sectors which attracted the greatest share of funding were fashion (36%), followed by handicraft (30%), music (24%), film (14%) and animation (7%). Figure 13 • Financing of Creative Industries Firms by Sector in CEDA Activities 10th EDF

4%

7%

Fashion Handicraft Music Film Animation

23%

36%

30%

63 Culture in the CARIFORUM-EU EPA

Source: Caribbean Export Development Agency 2016