The investment comes from Spain’s National Recovery, Transformation and Resilience Plan, which covers the period 2021-2023.

As part of its National Recovery, Transformation and Resilience Plan, the Spanish government revealed that it will invest 825 million euros in the cultural and sports industries between now and 2023.

And a large part of that investment will be taken by the already announced Spain Audiovisual Hub. Specifically, 200 million euros destined to “turn Spain into a leading country in audiovisual production in the digital age, a pole of attraction for international investment and talent, and with a strengthened industry-services ecosystem to export and compete in the markets international”.

This was stated at a press conference by the Minister of Culture and Sports of Spain, José Manuel Rodríguez Uribes, who clarified that it is not yet known when or in what way the public calls for these funds will be opened.

However, the minister assured that the Plan “is very well designed, well defined and concrete. The sector can be very calm.”

The 200 million euros for the Spain Audiovisual Hub will be added to the contributions of the ministries of Industry and Tourism, Economy and Foreign Affairs, to reach the figure of 1,603 million euros.

“With the Plan we are talking about the present and the future, but above all about transforming, that the Spanish cultural industries are much stronger and more competitive… This is a concept of the country,” said Rodríguez Uribes.