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Creative industries worth almost £10 million an hour to economy
The UK’s creative industries are now worth a record £84.1 billion to the UK economy, figures published today (26th January 2016) reveal, having grown by 8.9 per cent in 2014.
British films, music, video games, crafts and publishing are taking a lead role in driving the UK’s economic recovery, according to the latest Government statistics.
The figures show the sector growing at almost twice the rate of the wider UK economy – generating £9.6million per hour and this success is set to last, with a strong line-up of British talent and creativity in 2016 promising yet another blockbuster year ahead.
Minister for Culture Ed Vaizey said:
“The creative industries are one of the UK’s greatest success stories, with British musicians, artists, fashion brands and films immediately recognisable in nations across the globe. Growing at almost twice the rate of the wider economy and worth a staggering £84 billion a year, our Creative Industries are well and truly thriving and we are determined to ensure its continued growth and success.”
The full press release can be read here.
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