The principle : the producer who signs an agreement with Wallimage receives 50% of the sum at the time of signature and the balance is only paid once the proof of expenditure has been received. From now on, he can discount the other 50 percent from Wallimage Entreprises on the condition that the Walloon expenses announced are related to companies in the Wallimage Entreprises portfolio for at least 50% of the discounted amount.
Demonstration by example: if Wallimage Coproductions decides to finance a project up to 400,000 euros, the producer will receive 200,000 euros upon signing the agreement. There are still 200,000 euros outstanding. If in his investments in Wallonia, the producer spends at least 100.000 euros in companies of the portfolio of Wallimage Entreprises (see list on the site), he can then expect the 200.000 euros which should return to him later. For the rest, nothing changes, the receipts of expenses must always be returned as soon as possible to Wallimage Coproductions, which will reimburse on this basis Wallimage Enterprises. A few other conditions must be met, but each producer will be able to discuss them with Wallimage at the time of his application. The cost of the discount: the European Commission’s reference rate, increased by 4%, which is currently 5.05% per year.
The list of companies concerned is HERE