U.K. Government Unveils Ambitious Plan to Grow Creative Industries to $63 Billion, Create One Million Jobs by 2030
Naman Ramachandran The U.K. government has unveiled new plans aimed at maximizing the potential of the country’s creative industries and fostering economic growth. The creative sector, identified as a priority by Prime Minister Rishi Sunak, has consistently outperformed the wider economy, growing at a rate 1.5 times faster over the past decade and contributing £108 billion in gross value added (GVA) annually. Employment in these industries has experienced fivefold growth compared to the rest of the economy since 2011. Developed in collaboration with the Creative Industries Council, the Creative Industries Sector Vision, teased by culture secretary Lucy Frazer in May, aims to expand the sector by £50 billion ($63 billion) by 2030, generating one million additional jobs, and establishing a creative careers promise to nurture a pipeline of future talent.