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UK government reveals plans to grow creative industries by £50 billion

Government pledges to open four new state-of-the-art research and development facilities which will aim to drive the next generation of screen technology and on-set virtual production

The UK government has outlined its plans to grow the creative industries by £50 billion and support a million more jobs by 2030, with £77 million of new funding for the sector announced.

Secretary of state for culture, media and sport Lucy Frazer first revealed the plan last month, but full details have now been announced.

The Creative Industries Sector Vision includes:

  • Four new state-of-the-art research and development facilities which will aim to drive the next generation of screen technology and on-set virtual production, with £63 million of new industry investment announced on top of the government’s £75.6 million investment. UKRI’s Convergent Screen Technologies and performance in Realtime (CoSTAR) programme is expected to create more than 820 new jobs across the UK.
  • The government will invest at least £50 million in the next wave of UKRI’s Creative Industries Clusters programme. This funding will be used to identify and support at least six new clusters specialising in creative subsectors, helping entrepreneurs and businesses in these areas innovate with new technologies, secure investment, and access global markets.
  • DCMS will increase the budget of the Create Growth Programme by £10.9 million, bringing it to a total of £28.4 million until 2025. The increased funding will enable it to double the number of regions it covers to twelve and support 2,000 businesses to commercialise their ideas and access resources, knowledge and private investment to scale up.

The government also said it intends to work with industry to ensure post-16 technical skills routes work effectively for the creative industries. This will include supporting the rollout of T-Levels in creative subjects and increasing provision and take-up of high quality creative apprenticeships.

Speaking about the plans, Frazer said: “The imagination and ingenuity of British designers, producers, content creators, writers and artists are spearheading growth right across our economy.

“The government is backing our creatives to maximise the potential of the creative industries. This Sector Vision is about driving innovation, attracting investment and building on the clusters of creativity across the country,” added Frazer. “And from first days at school to last days of work, we will nurture the skills needed to build a larger creative workforce to harness the talent needed for continued success.

“Working with the industry this vision is helping the UK creative sectors go from strength to strength – providing jobs and opportunities, creating world-leading content and supporting economic growth across the country.”