The creative industries, including music alongside TV and film, currently generate £76.9bn per year for the UK economy, new government figures have revealed.
New statistics show that the contribution of these sectors to the UK economy has never been higher, contributing £8.8m per hour, or £146,000 per minute.
Gross Value Added (GVA) for 2012-13 increased by 9.9 percent. This rise was more than three times that of the UK economy as a whole and higher than any other industry.
Further findings showed that the creative industries accounted for 1.71m jobs in 2013. This equated to 5.6 percent of total UK jobs and a 1.4 percent increase on 2012.
Sajid Javid, secretary of state for Culture, Media and Sport, said: ‘The UK’s creative industries are recognised as world leaders around the globe and today’s figures show that they continue to grow from strength to strength.
‘Government is determined to continue its support for this most dynamic of sectors as part of our long-term economic plan. The tax reliefs we’ve got in place and are extending to children’s TV and orchestras have been instrumental in attracting inward investment, and are part of broad package of measures designed to ensure the continued success of the creative industries.’
Geoff Taylor, BPI chief executive, added: 'Our musicians’ talent and our labels’ investment and expertise made 2014 a record-breaking year for British music. For the first time in official charts history, the top ten best-selling artist albums of the year came from UK artists. Very few countries can boast of such success.
'We hope that in the months ahead - and beyond the general election - political parties will recognise that creativity is central to Britain’s future economic success and focus on practical measures to boost further investment in British talent.'
A previous BPI report showed that Ed Sheeran and Sam Smith helped UK recorded music sales reach £1.03bn in 2014. Read the full story.
Visit the government’s website to view more figures from the new report.
New statistics show that the contribution of these sectors to the UK economy has never been higher, contributing £8.8m per hour, or £146,000 per minute.
Gross Value Added (GVA) for 2012-13 increased by 9.9 percent. This rise was more than three times that of the UK economy as a whole and higher than any other industry.
Further findings showed that the creative industries accounted for 1.71m jobs in 2013. This equated to 5.6 percent of total UK jobs and a 1.4 percent increase on 2012.
Sajid Javid, secretary of state for Culture, Media and Sport, said: ‘The UK’s creative industries are recognised as world leaders around the globe and today’s figures show that they continue to grow from strength to strength.
‘Government is determined to continue its support for this most dynamic of sectors as part of our long-term economic plan. The tax reliefs we’ve got in place and are extending to children’s TV and orchestras have been instrumental in attracting inward investment, and are part of broad package of measures designed to ensure the continued success of the creative industries.’
Geoff Taylor, BPI chief executive, added: 'Our musicians’ talent and our labels’ investment and expertise made 2014 a record-breaking year for British music. For the first time in official charts history, the top ten best-selling artist albums of the year came from UK artists. Very few countries can boast of such success.
'We hope that in the months ahead - and beyond the general election - political parties will recognise that creativity is central to Britain’s future economic success and focus on practical measures to boost further investment in British talent.'
A previous BPI report showed that Ed Sheeran and Sam Smith helped UK recorded music sales reach £1.03bn in 2014. Read the full story.
Visit the government’s website to view more figures from the new report.
