Financing of Cultural and Creative IndustriesSubsequently, the Caribbean Development Bank (CDB) in a recent policy move announced that it will be providing the initial capital for a multi-donor fund to improve the competitiveness of the cultural and creative industries sector in its borrowing member countries (BMC’s), including Jamaica. The Barbados based Caribbean Development Bank said it is making an initial contribution of US$2.6 million to the establishment of the Cultural and Creative Industries Innovation Fund (CIIF) as a pilot intervention, and it will also administer the fund. According to a release from the CDB, the CIIF will support the development of the creative industries sector, and encourage innovation, job creation and improved enterprise sustainability by providing grants and technical assistance to governments, business support organisations and academia that support the creative industries sector. It will also provide funding to creative and cultural entrepreneurs and micro, small and medium enterprises (MSMEs) in CDB's BMCs. Additionally, the CDB said the CIIF will primarily support projects identified in the priority sub-sectors: music, including production, distribution, sales and events; audio-visual, film, interactive media, animation and gaming/digital; fashion, and contemporary design; and festivals and carnivals. The fund is said to have three components focusing on: supporting the enabling environment; the development of sector data and market intelligence; and supporting MSMEs in the CIs sector to develop new products/services, implement new business models, improve employee and managerial capacity and access new markets. This move will clearly be appreciated by those individuals who over the years have found it difficult to access funding for the cultural and creative industries and will undoubtedly spur economic growth.
In a response to a question regarding the limitation of cultural space, the culture Minister mentioned that the government was seeking to establish a State of the Art facility in Kingston to be used as a Concert Hall. Minister Grange said despite the limitations of resources, the government was looking how best to identify facilities outside Kingston to be upgraded and used such as school halls. The minister implored artistes to ensure that they educate themselves regarding the business side of their craft and highlighted the Bob Marley Foundation as an example of how an estate can go about protecting their rights. In closing Minister Grange said that she was in favour of content quota regarding the playing of music. She gave Canada as an example of having such a policy in place in order to ensure that a percentage of local music is played. The Jamaica 55 Diaspora Conference was held in Kingston, July 23-26, 2017 under the theme: Partnering for Growth.
In the powerful words of Marcus Garvey, “a people without the knowledge of their past history, origin and culture is like a tree without roots”.
Wayne Campbell is an educator and social commentator with an interest in development policies as they affect culture and or gender issues.