One Year On from the Creative Industries Sector Deal: An Update
May 1, 2019
One year on since the launch of the landmark Creative Industries Sector Deal, excellent progress has been made on the commitments made by government and industry to drive growth of creative businesses across the country.
Our creative industries are a UK success story, worth over £100 billion per year, employing over two million people and already growing at twice the rate of the economy as a whole.
The Sector Deal, agreed between government and industry under the leadership of the Creative Industries Council (CIC), brings at least £150 million of new investment in a series of actions aimed at:
- building sustainable creative industry ‘clusters’ around the country
- driving growth through innovation and R&D
- improving access to finance, export support and intellectual property protection
- strengthening the talent pipeline to address skills needs and improve diversity.
There have been some exciting developments since the Deal's announcement, showcasing the best of how government and industry can work together to benefit the sector.