More positive news for those who operate in the creative industry this week, with the government announcing plans to invest £140 million in the sector in order to make the UK the best place in the world for related businesses.
In its latest strategy white paper, the Creative Industries Sector Deal, The Department for Digital, Culture, Media and Sport (DCMS) lays out its three core aims:
- More than £150 million will be invested by the government and industry to help the UK’s cultural and creative businesses thrive;
- A Cultural Development Fund will provide access to £20 million for cities and towns to invest in creative industries and culture;
- An industry led careers programme and a new London Screen Academy will be set up to nurture the next generation of creative talent.
Including businesses engaged in TV, fashion, music, digital, communications, publishing, arts and film, creative related organisations are growing at twice the rate of the rest of the economy – with the sector generates £92 billion for the economy and employs approximately two million people.
Rob at Glu Recruit, said: “With the global creative immersive content market forecast to be worth more than £30bn by 2025, this new deal will allow the UK to seize the opportunity of an expanding market.
“The proposed increased investments will allow the creative industries continue to thrive as a cornerstone of the British economy, while building an overseas reputation as one of the most creative places on earth.”