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Creative Industries break £100bn mark in contributions to the UK economy

New official figures published today, show the creative industries contributing a record amount to the UK economy in 2017 101.5bn from 94.6bn in 2016.

Measured by GVA (Gross Value Added), contributions to the UK economy rose to 7.1 percent in 2017. Growing at nearly twice the rate of the economy since 2010.

Secretary of State for Digital, Culture, Media and Sport Jeremy Wright said:

Our creative industries not only fly the flag for the best of British creativity at home and abroad but they are also at the heart of our economy.

Today they have broken the 100 billion mark and continue on a hugely positive upward trajectory, outperforming the wider UK economy and bringing joy and entertainment to millions.

We’re doing all we can to support the sectors talent and entrepreneurship as we build a Britain that is fit for future.

 

The creative industries subsectors saw the fastest growth rate of any of the DCMS categories, growing GVA by 53.1 per cent between 2010 and 2017.

This growth demonstrates the importance of the creative industries in Britain and more so, the importance of protecting it. Film, TV, Video, Radio and Photography is how people stay informed, learn and relax,

The DTG remains committed to the growth of this sector and will continue, as it has done for over 20 years, to provide a platform for industry collaboration to protect, improve and deliver a quality viewing experience to the UK.

May the growth of the creative industries continue!

Written by DTG Team

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