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:
Related UKRI funded projects
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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?
This project specifically focuses on improving access to finance for creative SMEs, addressing the sources of finance sought by creative businesses.
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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
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.
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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
Why might this be relevant?
While this project focuses on creating a database for freelancers in the creative industries, it does not directly address the sources of finance sought by creative businesses, but it does address the workforce aspect.