Protective Shield for events in the field of culture and sport

Type of institution
Public Funding Agency
  • Strengthening the competitiveness of the cultural and creative industries
    • Insurance coverage and risk mitigation
Type of measure
Relaunch of the sector
March 2021

Austria introduced a new instrument to counteract financial risks for event organizers and allow for planning security after the current lockdown in the field of culture and sport congresses and fairs. It is a liability by the Federal Government for non-cancellable costs endowed with EUR300 million (USD365 million), which can be called upon by event organisers in case of cancellation of events or restriction of visitor numbers. The protective shield covers planned events between 1 March 2021 and 31 December 2022. The fund is administered by the Hotel and Tourism Bank.

(See Organiser protection umbrella is increased to 10 million euros) - in German only

Goal(s) of UNESCO's 2005 Convention
Cultural Domain(s)
Cinema/ Audiovisual Arts
Media Arts
Performing Arts
Visual Arts