“The UK’s creative industries are key to driving growth in a post-Brexit Britain. The sector is the fastest growing part of the UK’s economy, contributing £87bn in GVA. It returns four times the GVA of the automotive industry, six times as much as life sciences and nearly 10 times that of aerospace. Between 2011 and 2015, it created three times more jobs than the economy as a whole. The UK is the third-largest exporter of cultural goods and services in the world – just behind China and the US. However, as other countries are now prioritising the sector, we cannot take our global pre-eminence for granted.
With much of this growth, innovation and job creation emerging beyond London and the South East, the creative industries are also critical to delivering social and economic regeneration in places that need it the most. Few other sectors can deliver so much and at this scale.
With the right vision, leadership and policies in place, the creative industries can help secure an economy and society that works for all. But if government fails to deliver, this vision is at risk. ”