What is the risk level investors place on the creative industries investment and how does this compare to other sectors?
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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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 by discussing the challenges and uncertainties in the creative industries, but does not compare it to other sectors or explicitly discuss the risk level investors place on it.
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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
Why might this be relevant?
The project does not address the question directly, but the authors' focus on policy and evidence in the creative industries suggests they could competently answer the question with additional work.
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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?
The project focuses on improving investment readiness for SMEs in the creative industries, addressing the specific financial needs and barriers faced by creative businesses.