Government statistics show that the creative industry contributes £71.4 billion per year to the UK economy
An official press release from the Department for Culture, Media & Sport has revealed that the creative sector produces £71.4 billion per year to the UK economy – that’s £8 million an hour!
The press release stated that there was a 10% increase from 2012, which outperformed all other sectors of industry. The year before saw growth increase by 9.4%, which again was more than any other sector. The Creative Industries accounted for 1.68 million jobs in 2012, which is 5.6% of all UK jobs.
Secretary of State for Culture, Media and Sport, Maria Miller commented:
These incredible statistics are confirmation that the Creative Industries consistently punch well above their weight, outperforming all the other main industry sectors, and are a powerhouse within the UK economy.
We are committed to ensuring that the energy, innovation, skills and talent existing in this dynamic sector continues to translate into economic success, and provide a remarkable platform from which, we can showcase Britain to the world.
Creative Industries Council Chair, Nicola Mendelsohn commented:
These figures amply demonstrate the huge contribution our sector makes to the economy and it’s vital that the right framework is in place to nurture and support the industry. We are working with Government on developing a growth strategy for the sector which will identify how all involved can ensure the creative industries continue to go from strength to strength.
The press release makes the point of highlighting the groups it considers to be part of the Creative Industries:
- Advertising and marketing
- Design: Product, Graphic and Fashion Design
- Film, TV, video, radio and photography
- IT, software and computer services
- Museums, Galleries and Libraries
- Music, performing and visual arts
The UK creative sector is also dominant in the country’s service exports. In 2011, it accounted for 8% of total UK exports, which was valued at £15.5 billion. Additionally, between 2009 – 2011, the value of service exports from the Creative Industries increased by 16.1 per cent. This compares with an increase of 11.5 per cent for total UK service exports.
I think now we can all admit that the arts sector demonstrates significant value for money.
The full press release, including key statistics about the staggering growth of this dynamic and exciting industry can be found through the link below.