UK to Issue 10-Year Industrial Strategy Aimed at Boosting Growth
- Culture Secretary Lisa Nandy announced a £380 million boost for the UK creative industries, aiming to make the UK a 'creative superpower'.
- The funding is expected to double private investment in the creative sector from £17 billion to £31 billion by 2035, creating thousands of jobs and generating growth across six regions.
- BECTU chief Phillipa Childs praised the investment but warned that it may not be sufficient for stability amidst ongoing challenges for creative workers.
- Job losses of 3% were reported across creative industries in 2024, with a 15% shrinkage in arts and entertainment sub-sectors between July and December 2024.
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UK Unveils 10-year Industrial Strategy to Revive Growth, Jobs
In a bid to revive British industry and stimulate economic growth, the government has unveiled a 10-year industrial strategy promising sweeping reforms across key sectors, from technology and manufacturing to the creative industries and professional services. Launched on Monday, the strategy sets out plans to create up to 1.1 million new jobs by 2035, increase exports, and tackle long-standing productivity challenges. The UK economy recorded GDP…
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Creative industries to get £380m boost ahead of industrial strategy launch
The investment was announced by Culture Secretary Lisa Nandy.
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