IMPALA’s Recovery Plan

On 29 April, IMPALA proposed a recovery roadmap to boost growth in Europe through music and culture, in sync with the EU Recovery Plan.

On 29 April, IMPALA proposed a recovery roadmap to boost growth in Europe through music and culture, in sync with the EU Recovery Plan, as follows:

Europe and its member states need an ambitious 5-year recovery strategy post-coronavirus crisis to boost investment, jobs and growth. Only a multi-annual approach focussing on key sectors will allow for a proper European recovery in the long term.

IMPALA proposes a ten-step roadmap with a timeline requiring decisions in May through to September and beyond. The roadmap sets out financial and non-financial tools to increase liquidity in the music and broader cultural industries. 

The timing for the first five steps coincides with the EU’s Recovery Plan, which should be presented mid-May. This is alongside steps 6 to 8 which involve ambitious national economic measures. Step 9 focuses on speeding up the implementation of the copyright directive nationally. The last step underpins the whole roadmap and involves an investment-based approach in the long term to valuing the sector and its assets.

Download the Recovery Plan in pdf

Impalamusic

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