Simon Bland in Investment


Creative Industries Worth £76.9bn To UK Economy According to New DCMS Report

The creative industries in the UK are now worth a record £76.9bn to the UK economy according to official stats released by the Department of Culture, Media and Sport (DCMS) earlier this week.

These stats show that the contribution of the creative industries to the economy increased by a staggering 9.9% alone between 2012-13 and are therefore growing three times faster than the wider economy.

The sectors also now account for 5.6% of all UK jobs (1.71 million) – marking the first time the figure has topped 5% since DCMS records began in 1997.

“These figures show us unequivocally that the UK's creative industries are growing faster than any other major industrial sector,” said Creative England CEO Caroline Norbury. “At Creative England we know there is incredible creative talent in all parts of the country and we are committed to helping them break down barriers to ambition by improving access to money, markets and networks – essential ingredients to success”.

“Creativity must be viewed as an integral pillar for the UK's future prosperity and taken seriously by Government, policy makers and financial institutions to ensure we continue to set the standard as global creative pioneers.”

Culture Secretary Sajid Javid said: “The UK’s creative industries are recognised as world leaders around the globe and today’s figures show that they continue to grow from strength to strength.”

For the full DCMS statistical release, click here.

  • Creative Industries
  • Creative England