Creative Industries contributes almost £13m to the UK economy every hour12:09, 7th February 2020
New government figures show that the UK’s successful creative industries contributed £111.7 billion to the UK in 2018, equivalent to £306 million every day.
These statistics show a 7.4% increase on the previous year, meaning growth in the sector is more than five times larger than growth across the UK economy as a whole (which increased by 1.4%). Film, TV and Music alone contributed £21.3bn.
Nigel Adams, the Minister for the Creative Industries, said that the figures ‘paint a vibrant picture of creativity and talent in our country today.’ He added: ‘I would like to congratulate all those within the sector whose hard work and ingenuity means the industry is making a staggering contribution of nearly £13m to the national economy every hour.’
Deborah Annetts, chief executive of the Incorporated Society of Musicians, comments: ‘Brexit poses a huge risk to the music industry, which is a key component of the creative industries. The UK has now entered the transition period after leaving the EU on 31 January and it is important that musicians get the very best deal in the forthcoming trade negotiations.
‘As the Minister Nigel Adams said last month, “touring is absolutely the lifeblood of the industry” and it is essential that “free movement for artists is protected post-2020.” We urge the Government to continue listening to the music industry and musicians and ensure their livelihoods are protected in future trade negotiations.
‘In addition, the pipeline of talent supplying these prosperous industries is currently being undermined by the Government’s EBacc policy, which currently excludes creative subjects.’