UK’s Creative Industries contribute almost £13 million to the UK economy every hour
- Creative industries contributed more than £111bn to the UK economy in 2018
- New statistics reveal the Creative Industries sector is growing more than five times faster than the national economy
New government figures show the country’s successful creative industries contributed £111.7 billion to the UK in 2018, equivalent to £306 million every day. Film, TV and Music alone contributed £21.3bn.
This is up 7.4 per cent 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 per cent.
Nigel Adams, the Minister for the Creative Industries, Nigel Adams, said:
‘The creative industries encompass the best and brightest of UK businesses and these figures paint a vibrant picture of creativity and talent in our country today.
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 said:
‘The value of the creative industries has been proven once again by the Government’s own figures – growing at more than five times the rate of the wider UK economy and generating almost £13m per hour.
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.’
About the ISM
The Incorporated Society of Musicians (ISM) is the UK's professional body for musicians and a nationally recognised subject association for music. Since 1882, we have been dedicated to promoting the importance of music and protecting the rights of those working in the music profession. We support approximately 10,000 musicians across the UK and Ireland with our unrivalled legal advice and representation, comprehensive insurance and specialist services. Our members come from all areas of the music profession and from a wide variety of genres and musical backgrounds. We campaign tirelessly in support of musicians’ rights, music education and the profession as a whole. We are a financially independent not-for-profit organisation with no political affiliation. This independence allows us the freedom to campaign on any issue affecting musicians.
For more information, please contact [email protected].