dfp_header_hidden_string

Creative industries grew twice as fast as UK economy in 2015-16

Music, performing and visual arts fell by 0.5% last year, but has seen 51% growth over the period from 2010 to 2016. Photo: Shutterstock
by -

The creative industries grew at twice the rate of the wider economy in 2015-16, new government statistics have claimed.

Now worth £91.8 billion in terms of gross value added to the UK, the sector grew by 7.6% over the year, while the economy as a whole grew by 3.5% in the same period.

The statistics on the creative industries, which include the performing arts, come from the department for Digital, Culture, Media and Sport’s Economic Estimates for 2016 report.

The data also reveals that the creative industries now make up 5.3% of the UK economy.

Particularly high growth was shown by the crafts industry (14.6%), design and fashion (11%), creative tech including games (11.4%), publishing (7.7%) and film and TV (6.6%).

Music, performing and visual arts fell by 0.5% last year, but has seen 51% growth over the period from 2010 to 2016, and is now worth £8.2 billion.

Secretary of State for Digital, Culture, Media and Sport Karen Bradley said: “Britain’s creative industries play an essential role shaping how we are seen around the world but as these new statistics show they are also a vital part of the economy.

“The sector is now one of our fastest growing industries and continues to outperform the wider UK economy. This is a testament to the talent and drive of its workforce and we are working closely with them to make sure this fantastic success continues.”

John Kampfner, chief executive of the Creative Industries Federation, said: “These are impressive figures and testament to the innovation and resilience of this sector and its contribution to the wider UK economy.

“But it should be noted that these figures are for the period before the EU referendum. These fantastic growth rates demonstrate the importance of protecting our sector from threats such as Brexit and growing skills gaps. The federation will continue to make the case for the measures we need to support continued growth.”

loading...
^