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Creative industries added £455bn to UK economy
The sector, which includes music, the performing and visual arts and film, TV and radio, grew 34% from 2010–2015
By IQ on 04 Aug 2016
Karen Bradley, new secretary of state for culture, media and sport
image © Prime Minister's Office
The creative industries added £454.5 billion to the UK’s economy in the six-year period from 2010 to 2015, reveal figures released today by the Department for Culture, Media and Sport (DCMS).
That £454.5bn figure – calculated by adding together the gross value added (GVA) by the sector in 2010, 2011, 2012, 2013, 2014 and 2015 (£65.2bn, £69.4.bn, £73bn, £77.9bn, £81.6bn and £87.4bn, respectively) – made up 5.3% of total UK GVA in the same period and represented growth of 34% since 2010.
In 2014, creative-sector companies represented 12% of all Britain’s companies, with 248,800 enterprises, although the vast majority (89%) of them were small and specialised, employing less than five people.
The creative industries grew 34% between 2010 and 2015, by which time they made up 5.3% of total UK gross value added
Of all the sectors represented by the DCMS, the creative industries showed the second fastest growth, behind only the digital sector.
Further creative industries economic estimates will be published this December, says the department.
IQ reported last month that the number of jobs in Britain’s creative industries has increased three times faster than the UK average since 2011.
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