Paragraph 1: Coverage of cash requirements and investment financing

In order to support the film exhibition sector, which has been particularly affected by the covid-19 epidemic and its economic and financial consequences, exceptional aid is being granted in the form of a direct allocation to operators of cinemas to help cover their cash flow requirements and finance investments.

The aid is granted for each cinema whose operators are eligible for financial aid for the creation and modernisation of cinemas.

For small and medium-sized cinemas, the total amount of aid is equivalent to the average of the sums entered for 2017, 2018 and 2019 in the automatic account opened for each cinema in accordance with articles 123-3 to 123-5.For other cinematographic establishments, the total amount of aid is equivalent to the average of 9/12ths of the sums entered for 2017, 2018 and 2019 on the automatic account opened for each…

The aid is awarded partly in the form of a grant and partly in the form of a repayable advance on the sums calculated in accordance with articles 232-4 et seq.

The aid awarded in the form of a grant is intended to cover current cash flow requirements.The aid awarded in the form of an advance is intended to finance the works, investments or training referred to in articles 232-10 to 232-12.

For small and medium-sized cinemas, the part of the aid awarded in the form of a grant corresponds to 7/12ths of the total amount of aid awarded and the part of the aid awarded in the form of an advance corresponds to 5/12ths of the total amount of aid awarded.For other establishments, the part of the aid awarded in the form of a grant corresponds to 25/90ths of the total…

For the grant to be awarded, operators of cinemas must complete and submit electronically, by 31 October 2021 at the latest, a form drawn up by the Centre national du cinéma et de l’image animée. For each subsidy, the decision of the President of the Centre national du cinéma et de l’image animée specifies the amount of aid granted and the terms of payment.The advance is granted under the same…

The granting of the exceptional aid is subject to the provisions of exempted framework scheme No SA.42681, relating to aid for culture and heritage conservation for the period 2014-2023, adopted on the basis of Commission Regulation No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty.