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:

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

    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.

  • 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.

  • 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.

  • Creative Industries Clusters Programme - Baseline Research & Evidence Grant

    From film and music to video games and architecture, the UK has one of the world's largest, most innovative and fastest growing creative industries. A new wave of research and development will open up exciting ways to cr...

    Funded by: UUI

    Why might this be relevant?

    The project does not address the question directly, but the authors' focus on research and development in the creative industries suggests they could competently answer the question with additional work.

  • The Value of Creative Growth: making growth work for creative enterprise

    This early-career leadership fellowship intends to advance the support and evaluation of the creative economy through exploring and testing more holistic measures of economic growth that are more resonant with the wider ...

    Funded by: AHRC

  • Overview and mapping of the Creative Industries in India

    This study aims to capture and present a comprehensive overview of the Creative Industries sector in India, the research and innovation ecosystem which supports it, and the policy frameworks within which it operates. Thi...

    Funded by: AHRC

  • Creative Industries Clusters Engagement Programme - Briefing Events

    From film and music to video games and architecture, the UK has one of the world's largest, most innovative and fastest growing creative industries. A new wave of research and development will open up exciting ways to cr...

    Funded by: UUI

  • Creative Fuse North East

    Creative Fuse North East will investigate how new approaches to innovation-led problem solving can support the region's creative, digital and IT (CDIT) sector. Drawing on findings and approaches of Brighton Fuse, Fusebox...

    Funded by: AHRC

  • New Research Processes and Business Models for the Creative Industries

    The UK is world-renowned for its creative industries in areas as diverse as music, animation, and the performing and visual arts. However, the emergence of a new generation of social, pervasive and affective ICT promises...

    Funded by: EPSRC

  • Brighton Fuse 2

    Brighton Fuse 2 is a research grant continuing the previous Brighton Fuse project funded by AHRC to map, measure and enhance the Creative Digital Information Technology (CDIT) cluster in the City of Brighton and Hove (ww...

    Funded by: AHRC