Creative industries worth almost £10m an hour to economy
Monday February 29th, 2016
New figures reveal that the UK’s Creative Industries are now worth £84.1 billion per year to the UK economy.
British films, music, video games, crafts and publishing are taking a lead role in driving the UK’s economic recovery, according to the latest Government statistics.
The figures show the sector growing at almost twice the rate of the wider UK economy – generating £9.6million per hour.
And this success is set to last, with a strong line-up of British talent and creativity in 2016 promising yet another blockbuster year ahead.
Government continues to create the right environment for creative industries to thrive, through tax reliefs, inward investment, and safeguarding music and cultural education programmes.
2016 is shaping up to be another great year right across the UK’s most dynamic sector; whether it be the next instalment of Poldark; the new album from Radiohead; the film adaptation of Roald Dahl’s The BFG; or the release of Lego Marvel’s Avengers.
Minister for Culture Ed Vaizey said:
“The creative industries are one of the UK’s greatest success stories, with British musicians, artists, fashion brands and films immediately recognisable in nations across the globe. Growing at almost twice the rate of the wider economy and worth a staggering £84 billion a year, our Creative Industries are well and truly thriving and we are determined to ensure its continued growth and success.”
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