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Apr 15, 2019

The UK’s Cultural Sector Grows By 7.3% In The Last Year

The majority growth in cultural sector is in the film, TV and music categories.

The economic contribution of cultural industries such as theatres, galleries and music rapidly increasing in the UK. It has grew even faster than the wider economy itself for the sixth time within seven years. According to News DCMS economic estimations, the cultural sector contribution was £29.5bn which increased by 7.2% on last years contribution which was £27.5bn.

In addition to the cultural industry, digital sector and wider creative industry also gained a significant growth with an increase of 7.3% and 7.1% respectively.By comparison, The entire UK economy grew from £1.76bn to £1.84bn between with an increase of 4.8%.

The cultural sector covers both radio, photography, crafts, museums, libraries and archives, cultural education, and historic buildings which consists 1.6% of the UK’s total output according to Government gross value added (GVA) figures. But the majority belongs to the film industry with 60% share, TV and music subsectors, which are also portraying a significant growth of 39% since 2010 and 24.8% of the share came from the arts. According to DCMS data “This sub-sector has increased by 62.6% since 2010, from £4.5bn in 2010 to £7.3bn in 2017, and increased by 6.2% since 2016 (£6.9bn in 2016),”.

The Other Creative industries

The wider creative industries, including the cultural sector with other business areas like architecture and advertising, are now worth over £100bn – 5.5% of total UK GVA. These creative industries’ contribution to the UK Economy is three times bigger than the sole contribution of the cultural sector. However, the Government figures analysis demonstrated that 2017 was the first year that growth in the cultural sector leaves behind the wider creative industries since 2010 which is the first comparable information data of 2010.

The Government gave more importance to emphasize the value of creative industries in the UK’s reputation and economic stability. 

The UK Government has been aware of the value of the creative industries and its influence over both the UK’s reputation and its economic stability. Even though, it has been criticised for failing to identify whether the fundamental role of the arts in this growth or not both in the publication states that in the industrial strategy and in details of the £150m Creative Industries Sector Deal also.This has urged the development of creative clusters and a new creative career program, but the threats to arts from an existing business policy have been criticized for ignoring digital work. Overall, the DCMS-controlled economic sectors increased by 3.4% in 2017 to £ 268 billion, accounting for 14.6% of the UK’s GVA.