This opens up the possibility of local delivery points, operating on an intimate scale, which can also take advantage of economies of scale in the back office provision. Cultural businesses need highly specialised business support delivered alongside finance. Only a few areas are getting this at the moment. Many parts of the sector have had to develop their own support services because the mainstream system has not worked for cultural entrepreneurs. All these instruments need to be co-ordinated and combined at the point of delivery with relevant business support.
Finance is also only part of the solution to developing the sector.
Other forms of business support for marketing, management development and innovation are equally important. The sector also needs specific help to access effective and expanded protection for intellectual property rights. Be scaleable, sustainable, effective and efficient. Finally, two Member States which participated in Banking on Culture have begun to explore methods for using new forms of financial instrument to finance the cultural sector at national level. In the UK this is within the framework of a proposed 'Culture Bank'.