According to new government statistics released today, the creative industries are now worth more than £84.1bn to the UK economy and growing at nearly 9% a year.
This incredible figure is proof, if proof was needed, that the UK's creative output is going from strength to strength and should be championed and supported throughout its bright future.
To celebrate the fantastic news, we've picked 10 facts you might not know about the UK’s creative economy. For instance, did you know that...
- UK-made 'Grand Theft Auto V' is the biggest entertainment product of all time (of any medium) and broke a whopping six Guinness World Records in 2013.
- Every £1 of the government's Film Tax Relief between 2007 to 2014 has generated £12.49 in additional gross value (GVA). Proof that a little goes a long way.
- 3 of the top 6 most successful global film franchises are based on the works of British authors. That's right. You can thank UK creativity for the likes of 'Harry Potter', 'James Bond' and the 'Lord of the Rings' trilogy.
- The UK is the third-largest fashion employer in the EU, surpassed only by Italy and Germany. Clearly, a cut above the rest.
- The UK is one of only 3 global net exporters of music (along with the US and Sweden).
- About 8,000 UK companies, employing some 380,000 people, are involved in app development and the UK is the largest app developer market in Europe.
- Film and TV productions filmed in England (excluding London) brought between £100m and £140m in international tourism to the economy in 2014.
- According to the Chancellor George Osborne, £1bn a year in arts and culture grants adds £250bn to the economy. He told a packed House of Commons chamber in November last year that "One of the best investments we can make as a nation is in our extraordinary arts, museums, heritage and media".
- Throughout its history, 19 British men and 17 British women have won the Academy award for Best Actor/Actress. Daniel Day Lewis has scored a Best Actor hat-trick - the only actor to ever achieve the feat!
- The Creative Industries are worth almost £10 million an hour, every hour, to UK’s economy. UK screen content alone generates more that £6bn a year.
So there you have it - ten reasons why the UK's creative industries are second to none. No wonder it's one of the fastest growing sectors in the UK economy.
- DCMS Stats
- Creative Industries
- Creative England