UK creative industries grew at twice the rate of the economy in 2017

UK creative industry grew at twice the rate of the UK economy in 2017

The UK’s creative industries delivered a record contribution to the economy in 2017, delivering £101.5bn.

Up from £94.8bn in 2016, the film, TV, music and advertising industries grew at nearly twice the rate of the wider UK economy according to figures released by Department for Digital, Media, Culture and Sport.

Since 2010, the creative industries have risen by 53.1% or £66.3bn and now accounts for 5.5% of UK GVA (gross value added).

Jeremy Wright, secretary of state for DCMS, 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 sector’s talent and entrepreneurship as we build a Britain that is fit for future.”

In particular, it pointed to the growth of the UK games industry, led by entertainment giants Rockstar in Scotland and London-based Rocksteady, which drove £5.11bn alone. Sports meanwhile, excluding broadcast rights and advertising, contributed £9.8bn.

Combined, all of the areas covered by the DCMS were measured to be worth £268bn. Notably, tourism made up 4% of the entire economy, worth £67.7bn.

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