A new export strategy aims to increase creative industry exports by 50 per cent and create global opportunities for innovative UK based companies, as the top 50 Createch companies are listed in a new ‘ones to watch’ report.
The first UK Creative Industries Trade and Investment Board (CITIB) strategy has been published, pledging to boost creative industries goods and service exports by 50 per cent by 2023. The CITIB was set up following the launch of the £150 million Creative Industries Sector Deal – part of the Government’s Industrial Strategy.
The UK’s thriving Creative Industries are now worth over £100 billion to the UK economy and the Board aims to amplify this success around the world. As a result of £1 million additional government funding CITIB members have already helped to promote the UK’s creative sector in 10 countries including China and the United States, generating a pipeline of more than £200 million of export opportunities. More than 250 UK companies have also been supported in developing their own export strategies.
Referencing the industry led strategy at the Createch conference as part of London Tech Week, Digital and Creative Industries Minister Margot James said: “The UK’s booming Creative Industries are a real success story, with the sector contributing more than £100 billion to the economy. We are delivering a Britain that works for everyone, and by sharing our skills and expertise with the rest of the world this strategy will give us the chance to deliver more growth opportunities in the years ahead.
“The strategy has identified five key strategic markets that should be prioritised in the years ahead – China, USA, Europe, Middle East and Japan.”
Annette King, Chair of the Creative Industries Trade and Investment Board said: “The UK is a world leader in the Creative Industries thanks to both the wealth of talent we have here, and that we attract from across the globe. By continuing to build on the success of our small businesses this strategy begins a new stage in our industry’s relationship with Government, where we work together to drive the success of our vibrant and exciting industry.”
The Strategy is being published alongside the Creative Industries Council’s (CIC) top 50 Createch companies ‘ones to watch’ report. The new list showcases the top 50 promising UK based companies and organisations that experts think will deliver new products, services and experiences through cutting edge creative technology.
Chair of the Creative Industries Council Tim Davie said: “The UK is world class for brilliant creative talent and technological expertise and Createch2019 is an exciting opportunity to explore the boundless possibilities presented by the interaction of the two sectors. The publication of the ‘Ones to Watch’ report provides outstanding examples of companies of all sizes from across the country who are breaking new ground in this area and changing our lives.”