UK creative industries 'could be worth £128.4 billion by 2025' - TVBEurope

UK creative industries 'could be worth £128.4 billion by 2025'

Review led by ITV chairman Peter Bazalgette
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creative industries

An independent review of the UK's creative industries suggests the sector could be worth £128.4 billion to the UK economy by 2025 and help to create up to one million new jobs by 2030.

The review, led by ITV chairman Sir Peter Bazalgette, outlines recommendations for the development of the sector, including the exploitation of intellectual property as well as what it describes as "creative clusters".

It also found that creative occupations, which make up a high proportion of creative industries jobs, are highly resistant to automation, with 87 per cent of creative workers in the UK at "low or no risk".

The review’s recommendations will now be considered by the Government as part of its Industrial Strategy and used to inform work towards a sector deal in the coming months. It's already announced the opening of the £80 million Creative Industries Clusters Programme competition, led by the Arts and Humanities Research Council (AHRC).

“The UK’s booming Creative Industries contribute nearly £90 billion to the economy and employ more than two million people,” said business secretary Greg Clark. “The review unveiled today demonstrates our world-class talent and expertise in these areas and reflects the industry’s vision for how we build on these strengths, now and in the future skills base across the UK.”

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