Performance of the UK's Creative Industries

A report from the Work Foundation discusses the growing importance of the creative sector to the UK's economic life. The thirteen industries that constitute the sector account for 7.3 per cent of the economy. The report lists eight drivers which have an impact on the performance of the creative industries. They are:

* Demand enhanced by stimulating cultural activities all around the country
* Greater diversity to foster creativity and increase productivity
* A level playing field small numbers of large distributors may restrict innovation and experimentation
* Education and skills ensuring balance and the appropriate supply
* Networks harnessing capacity to fully exploit market opportunities
* Public sector fit for purpose public architecture, grants and institutions
* Intellectual property a clearly defined and enforced regime
* Building greater business capacity

Regarding education and skills, the report notes a shortage of specific skills in some creative industries, such as knowledge of how to commercialise creative ideas and wider soft skills. It also calls for further analysis of the creative sector to produce more up to date and comparable data.

The report can be found here