Cultural and creative industries and the Europe 2020 Strategy

Good news for cultural and creative industries: their role as conduits of innovation for European cities and regions further recognized at EU level.

On 6 October, the Commission adopted its Innovation Union flagship initiative.

This initiative is key to achieving the goals of the Europe 2020 Strategy for a smart, sustainable and inclusive economy. It aims to improve conditions and access to finance for research and innovation in Europe, to ensure that innovative ideas can be turned into products and services that create growth and jobs. This initiative is based on a broad concept of innovation, fully recognizing the role of creativity. It also underlines that "the creativity and diversity of our people and the strength of European creative industries offer huge potential for new growth and jobs through innovation, especially for SMEs".