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Introduction to The Creative Industries Sector

Even before the Government’s publication of its 2008 document Creative Britain: New Talents for a New Economy, the popularity, influence and employment opportunities of the global creative media industries could not be denied.  In the UK they employ over two million people, contribute 7.3% to Gross Domestic Product and export 5% of all UK goods and services. 

The creative industries sector has been expanding twice as fast as the rest of the economy, and the Chancellor predicted in a recent budget speech a steady increase to 10% in the contribution of the creative industries to the national economy. 

And globally the picture is equally strong, where the media industries’ share of the world’s economy is rising by 10% per year.

Sector Growth

These are clear indicators, and present huge opportunities for graduates and new employees who are creative, well educated and market-responsive.  And in a world where MySpace went in four years from foundation to 200 million users and where Facebook has had a similar exponential rise, and where in less than ten years all the world’s videos will be storable on one iPod, there are huge opportunities it is essential to be aware of consumer developments.
 
And further, London is not only recognised as a creative and cultural hub but is at the heart of the world’s fastest-developing general media and specific screen disciplines.  The UK is the world’s second-biggest exporter of television programmes.  In film also it stands second, with 16% of US sales and 20% of European: in fact UK cinema box office sales for 2008 were the highest since records began. 

So in visual and performance art London has a world-wide reputation which is second to none, and students here have access to opportunities which they could never have elsewhere with the same quality of provision and experience.

© 2009 Regent's College