3.3c To what extent does investment, or financial provision in creative industry businesses lead to economic growth, and what are the returns to investors? How do these compare to returns in other sectors?
Background
Supporting creative businesses to grow is a central part of DCMS policy. We know there are a range of challenges as creative enterprises scale up, innovate new products and services, and find new audiences. Creative industries also face highly dynamic and competitive markets, and thus we welcome research on how businesses increase resilience to economic shocks.
Next steps
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Topics
Related UKRI funded projects
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Centre of Excellence for Policy and Evidence in the Creative Industries
The UK's creative industries are a national economic strength. Since the turn of the decade, employment, exports and output growth has easily outstripped that in the rest of the economy. Yet, behind this rapid growth lie...
Funded by: UUI
Lead research organisation: NESTA
Why might this be relevant?
Addresses the question fully by focusing on the impact of investment in creative industries on economic growth and returns to investors.
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Creative Industries Policy and Evidence Centre
In recognition of the growing availability of data in key areas of policy, the PEC will introduce set piece UK-wide 'State of the Nation' reporting in each of four high-level priority thematic areas led by the four organ...
Funded by: AHRC
Lead research organisation: Newcastle University
Why might this be relevant?
Provides comprehensive reporting on key thematic areas related to creative industries, including investment, innovation, skills, and internationalization.
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Improving Investment Readiness for SMEs in the Creative Industries
Creare Capital is a funding-finding platform for creative and digital businesses, where we are dedicated to improving access to finance for the creative industries. Through this project, we will develop a financial readi...
Funded by: Innovate UK
Lead research organisation: CREATOR CAPITAL LIMITED
Why might this be relevant?
Focuses on improving investment readiness for SMEs in the creative industries, which is related to the question but does not directly address the economic growth and returns to investors aspect.