The creative industries are a key sector for jobs, growth and innovation as the UK recovers from the recession. Their success will be a key source of competitive advantage to the UK through to 2020 and beyond. But global changes potentially threaten the UK’s traditional strength in the creative industries.
The creative industries programme develops insight and recommendations to ensure the UK can build on its historical success to generate explosive growth and maintain its position in the global creative economy.
The programme has been running since October 2010 and has been investigating four related key themes with three cross-cutting topics: digitalisation, globalisation and innovation.
UK policy responses to the creative industries
Focusing on innovation and convergence, industry structure, regulation and access to finance. Analysis of potential barriers to generating explosive growth.
Creating and understanding value in the creative industries
What valuation models are being used in the creative industries? What kind of models should organisations and government adopt to provide a useful and practical tool for understanding the creative industries in a global context?
Orchestrating innovation networks in the creative industries
What is the role of larger businesses in the UK creative industries in fostering growth and innovation in the networks and supply chains of smaller organisations? How can the broader economy better support and leverage the innovation inherent in the creative economy and enhance our global standing?
The competitive environment
What are the regulatory and financing barriers impeding or supporting explosive business growth in the creative and cultural sector? What is the role of government in generating explosive growth? What can we learn from other regulatory regimes and international comparisons? Can creative organisations in the UK continue to compete in a global marketplace? What are the government departmental structures in place to support the sector?
In addition to the four key areas of focus of this programme, we have examined the economics of cultural leadership and the state of the UK creative industries' labour market.