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UK Music welcomes new creative industry funding from UK government

By | Published on Thursday 29 March 2018

UK Music

Cross-sector trade group UK Music has welcomed a commitment by the UK government to pump £150 million into the creative industries. The deal is part of the government’s Industrial Strategy, which in part aims to help prepare UK business to weather that oncoming Brexit storm.

UK Music CEO Michael Dugher says: “For more than a year, UK Music has worked intensively with the government and the Creative Industries Council to get the best possible deal for the music industry. I’m delighted that the government has listened and delivered a deal which should pave the way for the UK music industry to continue its world-beating success story”.

He continues: “We welcome the commitment to strengthen the talent pipeline to address current and future skills needs, as well ensuring the industry is more representative of UK society. The creative industries sector deal provides a fantastic opportunity to boost the competitiveness of our industry, which contributes £4.4 billion to the UK economy, generates exports of £2.5 billion and employs over 140,000 people”.

The new funding includes £2 million for that poorly conceived and badly implemented ‘Get It Right’ anti-piracy campaign, so you know it must be a great deal. There is also money for continued work in closing the ‘value gap’ and plans to launch of a Trade And Investment Board that will aim to boost creative industries exports by 50% by 2023.

You can read the full creative industries sector deal policy paper here.