Budget ‘missed opportunity’ for creative industries

Today’s Budget has failed to back Britain’s fastest growing sector, according to the Creative Industries Federation, which described the Chancellor’s  announcement as “disappointing”.

“With the creative industries already contributing £87bn to the economy, the government has missed an important opportunity to invest in the UK’s fastest growing sector at a critical time for the country” said CIF chief executive John Kampfner. 

“Failure to back our world-leading creative enterprises and entrepreneurs will be to the detriment of a sector that creates jobs at four times the rate of the wider UK workforce. A lack of commitment to the creative industries will mean that this job creation in our towns and cities across the land will be damaged.”

Kampfner said the failure to recognise the sector’s importance came against a backdrop of feeble growth forecasts, and an extra £3bn being committed to the Brexit negotiations.

“The lack of ambition behind government’s commitments to the creative industries sector deal and the Cultural Development Fund risks undermining the growth and prosperity all are trying to achieve” he said.

The CIF is an independent national enterprise backing the creative industries, public arts and cultural education in the UK.

 

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