14.06.2023: UK Music Chief Executive Jamie Njoku-Goodwin has welcomed Government plans to deliver a £50 billion boost to the creative industries.
The move follows Prime Minister Rishi Sunak’s announcement on Monday (June 13) that the creative industries were one of the Government’s priority sectors for growth, with their annual contribution of £108 billion to the economy in terms of gross value added (GVA).
Developed with sector via the Creative Industries Council, the new Creative Industries Sector Vision published by the Government sets out ambitions to build on that success and grow the creative industries by £50 billion by 2030 and create one million extra jobs.
UK Music represents the music industry on the Creative Industries Council which developed the Sector Vision in conjunction with the Government.
UK Music has helped shape the document through the Creative Industries Council and its various working groups. The Sector Vision references a number of UK Music’s key workstreams including its Music Academic Partnership and Power of Music campaign to promote the health and wellbeing benefits of music.
The Sector Vision is backed by £77 million in new government investment for the sector. There will be £50m to support more regional creative clusters, plus extra cash for music venues, video games studios, London Fashion Week and the next generation of British music talent.
There is funding for the Music Exports Growth Scheme (MEGS) which offers grants to support touring and help emerging musicians break into new global markets. The scheme will be expanded to £3.2 million over the next two years. Past recipients include BRIT award winners Wolf Alice, Dave and Catfish and the Bottlemen.
The Department for Culture, Media and Sport will also expand Arts Council England’s successful Supporting Grassroots Music Venues Fund, providing an additional £5 million over two years to support around 400 grassroots music venues projects.
UK Music Chief Executive Jamie Njoku-Goodwin said:
“This new investment is hugely welcome and will deliver a significant boost to the Music Export Growth Scheme and to grassroots music venues across the country.
“In an increasingly competitive global environment, it’s vital we give our world-leading creative industries the support they need to continue creating high quality jobs and contributing billions to the economy.
“We look forward to continuing to work with the Government to make the UK the best place to create, innovate, produce and consume music.”
You can read the full Government announcement here.
Prime Minister Rishi Sunak said:
“The creative industries are a true British success story, from global music stars like Adele and Ed Sheeran to world-class cultural institutions like the National Theatre.
“These industries have a special place in our national life and make a unique contribution to how we feel about ourselves as a country.
“We want to build on this incredible success to drive growth in our economy – one of my key priorities – and to ensure that UK creative industries continue to lead the world long into the future.
“Backed up with significant new funding, this ambitious plan will help grow the sector by an extra £50 billion while creating one million extra jobs by 2030.”
Culture Secretary Lucy Frazer said:
“The imagination and ingenuity of British designers, producers, content creators, writers and artists are spearheading growth right across our economy.
“The government is backing our creatives to maximise the potential of the creative industries. This Sector Vision is about driving innovation, attracting investment and building on the clusters of creativity across the country. And from first days at school to last days of work, we will nurture the skills needed to build a larger creative workforce to harness the talent needed for continued success.
“Working with the industry this vision is helping the UK creative sectors go from strength to strength – providing jobs and opportunities, creating world leading content and supporting economic growth across the country.”Back to news