By Daniel Hunter
The UK’s creative industries contribute £8million to the economy per hour, according to the Office for National Statistics (ONS).
ONS statistics published today (Tuesday) reveal that the UK’s creative industries, which includes the film, television and music industries, are now worth £71.4 billion per year to the UK economy — generating just over a staggering £8 million pounds an hour.
The UK creative industries are renowned across the globe driving growth, investment and tourism. The Creative Industries Economic Estimates are official statistics used to measure the direct economic contribution of the Creative Industries to the UK economy; providing an analysis of the contribution made by the Creative Industries to UK Employment, Gross Value Added (GVA) and Exports of Services.
Secretary of State for Culture, Media and Sport, Maria Miller commented:
“These incredible statistics are confirmation that the Creative Industries consistently punch well above their weight, outperforming all the other main industry sectors, and are a powerhouse within the UK economy.”
“We are committed to ensuring that the energy, innovation, skills and talent existing in this dynamic sector continues to translate into economic success, and provide a remarkable platform from which, we can showcase Britain to the world.”
Creative Industries Council Chair, Nicola Mendelsohn commented:
“These figures amply demonstrate the huge contribution our sector makes to the economy and it’s vital that the right framework is in place to nurture and support the industry. We are working with Government on developing a growth strategy for the sector which will identify how all involved can ensure the creative industries continue to go from strength to strength.”
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