The creative industries will benefit from government support through a new package of measures announced at an event organized by the Department of International Trade (DIT) yesterday (Monday, September 20).
The event brought together business leaders from the UK’s creative industries – television and film, music, publishing, fashion, games, advertising and immersive technology – to celebrate their export success and encourage more businesses in these areas to take advantage of sales opportunities. their world-class goods and services on a global scale.
It is part of DIT’s new âMade in Britain, Sold Worldwideâ campaign, which provides practical export assistance and encourages the country to be proud of its exporters.
The announced support package includes funding worth Â£ 330,000 for the music industry through the Music Export Growth Scheme (MEGS) in partnership with DCMS and the International Showcase Fund (ISF).
The event also saw the launch of our new Museum Export Research, published to help UK suppliers of museum-related products export to new markets. At the same time, the Managing Director of the British Fashion Council, Caroline Rush, has been named the new president at the head of the Creative Industries Trade and Investment Board (CITIB).
From fashion to cinema, the UK is home to some of the world’s greatest creative talent, exporting Â£ 37.9 billion in 2019. With increasing global demand, our creative industries are one of the success stories in export from UK.
Exports Minister Mike Freer said:
The UK’s creative industries are a force to be reckoned with. We create, write, produce and code amazing products, and sell them to the world. The country can be proud of our creative industry exporters and the jobs they create in our economy.
Along with the trade deals we make, we are committed to helping our creative businesses realize their potential on the global stage, fueling sustainable growth for UK businesses and creating new jobs in every UK region and nation.
The UK is the world’s second largest music exporter and exports hit a record high last year, up 6% to Â£ 519.7million from 2019. The announcement will support artists like The Orielles who have received government funding.
Orielles member EsmÃ© Dee Hand-Halford said:
MEGS made our dream of playing in America a reality. As a band on an indie record label in the UK we could never have funded this trip ourselves.
MEGS took the stress out of funding an expensive US tour, so we could focus on performing to new audiences internationally. We are very grateful for the program to enable independent artists like ourselves and give musicians the opportunity to promote their music abroad â.
The announcement complements the wide range of export support provided to businesses on great.gov.uk. Creative industries services-generated exports amounted to Â£ 37.9 billion in 2019, nearly 12% of the UK’s total services exports.
International demand for UK goods is growing, particularly in Asia, with the region set to house the 66% of the world’s middle classes by 2030, hungry for high-quality UK goods and services.
DIT has a range of existing supports for budding exporters, which supported 6.5 million jobs across the UK in 2016. DIT is developing an ambitious intergovernmental export strategy to boost economic recovery and level off across the country, which will be released later this year.
Exports contribute billions to the UK economy, support millions of jobs and provide sustainable growth for thousands of businesses.