What are the most common sources of finance sought by creative businesses? How does this vary across the business lifecycle?

Background

In the creative industries (CI) there is a need to evidence approaches to better grow workforce skills and productivity explicitly addressing the skills gaps and shortages taking into account the complex dynamics of CI workforces, (e.g. including freelancers, contractors and employees in a range of organisational types from SMEs through to FTSE corporations). There is also a need to understand the level and type of innovation and R&D activity undertaken by creative businesses, and the impacts this has on growth, trade and societal benefits. We are also interested in how the creative industries are adapting business models and navigating new markets, as well as how these changes affect audiences. MCI wants to better understand the values and future values of the CIs including economic output but beyond this to consider societal delivery, soft power and net zero.

Next steps

Get in touch with csa@dcms.gov.uk

Source

This question was published as part of the set of ARIs in this document:

DCMS areas of research interest GOV UK

Related UKRI funded projects


  • 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?

    The project partially addresses the question as it discusses the challenges for the production, distribution and international exploitation of UK AV content, including barriers to finance in the creative industries.

  • Nigeria Creative Economy Catalyst

    Nigeria's economic recession is worsened by oil prices slump. With 180m population, 60% youth demography, high poverty, and 35% unemployment rate, urgent interventions are necessary. But the creative industry is a viable...

    Funded by: Innovate UK

    Lead research organisation: STEPHEN BUDD MUSIC LIMITED

    Why might this be relevant?

    The project does not directly address the question, but it does discuss the development of a digital-driven ecosystem in the music industry, which could indirectly relate to financing in creative businesses.

  • The Creative Database

    Night Time Economy Solutions has become a market leader in night time economy (NTE) consultancy and management. Working with our many clients across businesses, local government, BIDs, charities and the Police during and...

    Funded by: Innovate UK

    Lead research organisation: NIGHT TIME ECONOMY SOLUTIONS LIMITED

    Why might this be relevant?

    The project is relevant as it is related to the creative industry, but it does not address the question about the most common sources of finance sought by creative businesses and how this varies across the business lifecycle.

  • 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