UK Creative industries worth record £84.1 billion - TVBEurope

UK Creative industries worth record £84.1 billion

The UK’s creative industries are now worth a record £84.1 billion to the UK economy
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The UK’s creative industries are now worth a record £84.1 billion to the UK economy.

According to the latest government statistics, British films, music, video games, crafts and publishing are reportedly driving the UK’s economic recovery.

Film, TV, video, radio and photography accounted for 12.8 per cent of the total, collecting approximately £10.8 billion in 2014.

The figures show that the creative sector is growing at almost twice the rate of the wider UK economy, generating £9.6 million per hour.

Statistics show that between 1997 and 2014, GVA of the creative industries increased by 6.0 per cent each year, compared to 4.3 per cent for the UK economy.

Mirroring this, the number of jobs in the creative industries (including both creative and support jobs), increased by 5.5 per cent between 2013 and 2014 to 1.8 million.

“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,” said Ed Vaizey, minister for culture.

“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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