£60 Million Government Boost for UK’s Creative Industries Sector Plan
New Funding Includes £5.5M for the UK Games Fund & £7M For UK Global Screen Fund – Glasgow & Edinburgh-Dundee Corridor Identified As Key UK Regions
Creative businesses and projects across the UK will receive government funding to help them grow as part of a major boost to the economy – marking the first step of the Government’s UK Creative Industries Sector Plan.
As part of its modern Industrial Strategy, Culture Secretary Lisa Nandy announced how the Government plans to work with the sector to increase growth and investment, starting with a £60 million package of government support – including £5.5 million for the UK Games Fund, £7 million for the UK Global Screen Fund, as well as grassroots music venues and creative businesses to boost British music and film exports, to facilitate investment and innovation in communities, in turn supporting businesses and employment.
The funding is the first step towards delivering the Government’s Creative Industry Sector Plan, as part of the UK’s modern Industrial Strategy. It will set out the enormous growth potential of the sector and where the biggest opportunities are at home and in new markets abroad.It will identify what key barriers are currently holding back the sector’s growth potential, and government and industry’s shared commitment to overcoming them, laying the groundwork for the publication of the full Creative Industries Sector Plan due to be published in spring 2025.
At the UK Creative Industries Sector Plan launch event, the Culture Secretary announced that the priority regions for Creative Industries are the North East, Greater Manchester, Liverpool City Region, West Yorkshire, West Midlands, Greater London, West of England, South Wales, Glasgow, Edinburgh-Dundee corridor, and Belfast.
Alongside this, the Government will provide additional funding, to six Mayoral Combined Authorities (North East, Greater Manchester, Liverpool City Region, West Yorkshire, West Midlands, West of England) . This will maximise the strength of these areas to deliver growth and builds upon progress to provide an attractive business environment and encourage strong, continued investment in the creative industries for years to come.
In the near future, the Culture Secretary will also announce the Government is bringing forward changes so that shorter apprenticeships will be available from August 2025, recognising the particular needs of the creative industries, as one of its first steps towards a more flexible Growth and Skills Levy.
The government is working with industry, including through a Creative Industries Taskforce chaired by Baroness Shriti Vadera and Sir Peter Bazalgette, on the sector plan and there will be more detail and policy announcements made in the months ahead.
The £60 million package of support for the UK Creative Industries Sector Plan is comprised of:
- £40 million in funding over the next financial year. This includes a further £16.3 million for the Create Growth Programme, £2.5 million for the Supporting Grassroots Music Fund, £5.5 million for the UK Games Fund, £1.6 million for the Music Export Growth Scheme and £7 million for the UK Global Screen Fund.
- Four cultural projects receiving £16.2 million from the Cultural Development Fund. These are:
- The Centre for Writing, a new creative centre for the written word, will strengthen Newcastle’s position as a national centre of excellence for writing and publishing. The centre is expected to support over 100 trainees and attract 35 creative businesses to the city (£5 million);
- Glassworks, a new world class facility for glass making in Sunderland that will connect the city’s 1350 years of glassmaking heritage (£5 million);
- Harmony Works, a music education centre in Sheffield, to transform a vacant Grade II listed building into a music education centre where young people from all backgrounds will be able to explore and hone their musical talents (£3.5 million);
- The Tropicana, a cultural venue in North Somerset, to complete the final development phase and transformation of the historic seafront complex into a flagship cultural centre in Weston-super-Mare. (£2.7 million).
127 creative businesses in 12 regions across England awarded a share of £3.6 million through the Create Growth Programme (CGP), delivered by Innovate UK. Grants will help firms like Borro, a children’s clothing rental platform in the West Midlands, and Tapocketa, an animation studio in Hertfordshire, to develop innovative new products, attract private investment and access one-to-one mentoring with industry experts.
Culture Secretary Lisa Nandy said:
From film and fashion to music and advertising, our creative industries are truly world-class and play a critical role in helping us deliver on this Government’s mission to drive economic growth in all parts of the UK.
Our £60 million funding boost will support creative and cultural organisations across the UK to turbocharge growth by transforming local venues, creating jobs, supporting businesses and spreading opportunity across the country.
But this is by no means the limit of our ambitions, which is why the creative industries are at the heart of the forthcoming Industrial Strategy and will continue to play a key part in this Government’s Plan for Change.
The Government plans to create an attractive business environment to encourage strong, continued investment in the creative industries in the years ahead. The Government will design the sector plan with business, who have set out the barriers to growth, including skills and access to finance.
As a result the Government is also making a significant signal of intent ahead of the Spending Review by announcing positive changes to the way the British Business Bank, UK Research and Innovation (UKRI) and skills policy will prioritise the Creative Industries.
The British Business Bank, which supports £17.4 billion of finance to over 64,000 smaller businesses, has committed to increase its support for creative businesses to access the finance they need to grow.
Chancellor of the Exchequer Rachel Reeves said:
Our number one mission is to grow the economy and our creative industries are a British success story with a big part to play.
Building on our plans to boost our AI sector, this is another step as we go further and faster to deliver growth so we can put more money in people’s pockets.
Today’s summit comes as the Culture Secretary and Foreign Secretary David Lammy also confirmed the membership of a new Soft Power Council. The council will act as an advisory board to the UK Government and will bring together soft power and foreign policy experts to champion the UK abroad, and drive investment and growth at home.
Members include former rower and chair of UK Sport Katherine Grainger, former athlete and television presenter Baroness Grey-Thompson and V&A director Tristram Hunt.
Foreign Secretary David Lammy said:
Soft power is fundamental to the UK’s impact and reputation around the world. I am often struck by the enormous love and respect which our music, sport and educational institutions generate on every continent. But we have not taken a sufficiently strategic approach to these huge assets as a country. Harnessing soft power effectively can help to build relationships, deepen trust, enhance our security and drive economic growth.
That is why I have created the Soft Power Council to channel British expertise as we look to re-imagine Britain’s role on the world stage, reinvigorate alliances and forge new partnerships.
Photo by Adi Ulici on Unsplash
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