Help for creative industries

Fédération representatives were among the guests at a 13 May Elysée Palace luncheon where French President Emmanuel Macron announced the establishment of a €225 million investment fund specifically targeting the cinema industry, but also more generally the creative industries.

The President also announced plans to strengthen the IFCIC (Institut Français pour le Financement du Cinéma et des Industries Culturelles). We’re quite familiar with the IFCIC; with support from DEFI (Comité de Développement et de Promotion de l’Habillement), it manages several financial aid programs for fashion brands, and ready-to-wear is one of the main recipients.

This is excellent news and a fresh sign of the President’s and government’s new interest in our industry.

Additionally, the BPI (Banque Publique d’Investissement) has just issued a call for candidates to participate in the Mode et Luxe Accélérateur project. The program was recently set up in accordance with recommendations from the Comité Stratégique de Filière. The goal is to help established, developing fashion businesses (€2 to €10 million in turnover, over 10 collaborators, and doing business for at least three years). Participants will benefit from a 12-month individual and collective assistance program to boost their expansion.

The multiple objectives are to enhance their strategic planning; explore and capitalise on growth opportunities; benefit from advice from other professionals in workshops and group events; and encourage managers to share their experience.

The cost of the program will be partly covered by the BPI and DEFI.

To participate, please go: there.

Applications must be submitted before 30 June.

You can also contact the Fédération’s Business Division Director Priscilla Jokhoo at: pjokhoo@pretaporter.com.

With this program, the BPI completes the sequence of assistance programs for young businesses: Ateliers de Paris, the Talents program set up by the Fédération and IFM Labels.

 

Pierre-François Le Louët