Technology, Media and Telecommunications Hub
The Creative Nation: A growth strategy for the UK’s creative industries
We’re delighted to be partnering with the Confederation of British Industry (CBI) to develop a growth strategy for the UK’s creative industries.
Creative industries, including film makers, video game developers and fashion designers, already make a vital contribution to the UK economy, accounting for £36 billion in Gross Value Added (GVA) and around 1.5 million jobs. Furthermore the UK has the largest broadcasting hub in Europe, Europe’s leading online advertising market, one of the world’s largest music industries in terms of exports, and the fastest growing digital economy in the G20.
We believe it’s important to build on these strong foundations to cement the UK’s position as a world leading creative hub.
Speaking at the launch event for The Creative Nation report, JB Berty, head of EY’s UK Technology, Media and Telecommunications practice, said:
“The creative industries are all too often overlooked when discussing economic affairs. In reality they make a significant contribution to the UK's economy and it would be good to see the Government shining a bigger spotlight on this sector and giving it the attention it deserves.
“EY research shows the UK is in danger of slipping behind international rivals, like Germany, on economic indicators such as new project start-ups. Now is the time to act to ensure this dynamic sector is safeguarded in a highly competitive, fast-moving global economy.”