The success of the music industry is largely dependent on the talent it works with.
But, like all other industry sectors, it is also affected by many factors outside its control such as the UK’s economic performance, the shade and priorities of Government and public opinion.
However, backed by strong, hard evidence and robust research the music industry can influence Government thinking and the media agenda.
UK Music is, therefore, committed to an extensive programme of research which defines the industry’s place within the country’s cultural and economic framework and can also inform and influence current debate and decision making.
The organisation has already undertaken a number of major research projects, which have helped underpin its work in a wide range of areas.
Reform Standard Industrial Classification Codes
To incentivise music production, governments also need to better understand the music sector
in the UK to appreciate the impact their policies have on the industry.
The Standard Industrial Classification (SIC) codes used by the Office for National Statistics reflect the industrial world of the 20th Century and the category of “performing arts” does not accurately reflect the fluid and interconnected world of music businesses. They need to be reformed to better reflect the modern music sector. This is why UK Music produce economic data on the music industry every year.