Oxford Economics Report: developing economic insight into the Creative Industries

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The creative industries are a diverse collection of businesses, workers, and freelancers across several different economic sectors. Following the UK Government Department for Digital, Culture, Media & Sport (DCMS) definition, we describe the creative industries as those “which have their origin in individual creativity, skill and talent and which have a potential for wealth and job creation through the generation and exploitation of intellectual property”.

In this report, we estimate the creative industries’ total contribution to the UK economy through the employment and GVA that they support directly and via their domestic supply chain.1 We also present a short- and medium-term forecast for the sector, under both a baseline and an upside policy scenario.

Download report: Oxford Economics Report: Developing Economic Insight into the UK’s Creative Industries

 

1 Throughout this report, we refer to the creative industries “gross value added” (GVA) contribution to gross domestic product (GDP). In simple terms, GVA is the sum of income generated by the industry in the form of employee compensation, business profits, and taxes on production.