Arts: Competition
The question
To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the competitiveness of the UK creative industry.
Answered by Sarah Jones
As set out in the Industrial Strategy Green Paper published in 2024, the UK's creative industries are world-leading, with the UK, according to UN Trade and Development statistics, being the third largest creative services exporter globally (behind Ireland and the United States).
While the Department for Business and Trade has not made a formal assessment of the competitiveness of the UK creative industry, in 2023, the UK, according to UN Trade and Development statistics, was the tenth largest exporter of creative goods and according to Department for Culture, Media and Sport statistics contributed an estimated £124 billion to the UK economy, accounting for 5.2 per cent of UK gross value added.
The forthcoming Industrial Strategy aims to leverage the sector's global comparative advantages to unlock private investment, boost exports and develop its highly skilled workforce.
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