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<p>In June 2023, the Government and the Creative Industries Council launched the Creative Industries Sector Vision, which sets out our long term strategy for supporting and growing the creative industries. The Sector Vision can be found at the following link:</p><p><a href="https://www.gov.uk/government/publications/creative-industries-sector-vision" target="_blank">https://www.gov.uk/government/publications/creative-industries-sector-vision</a></p><p>The Government is delivering on its plan to grow the creative industries by a further £50 billion and add another 1 million jobs by 2030.</p><p>Since 2010, the Government has introduced a range of tax reliefs across the creative industries, from film and television, to animation, video games, orchestras, theatres and more. The Chancellor announced further support at the Spring Budget, with £1 billion of additional tax relief over the next five years. This has led to significant growth in the creative industries over the last 14 years, helping to double the economic value of the creative industries and create more than one million new jobs since 2010.</p><p>Our tax reliefs are driving inward investment, helping unleash job creation and economic growth across the country. The Government’s generous screen sector tax reliefs have driven a record breaking spend of £6.3 billion on film and high-end TV production in 2022, of which £5.4 billion - 86% - was inward investment.</p><p>Our tax reliefs have also helped drive an increase in cultural and creative service exports. DCMS works with other departments including FCDO and DBT, industry bodies and trade associations to promote the creative industries overseas, from delivering creative trade missions to HMG-backed funding schemes. Examples include the £28 million UK Global Screen Fund, delivered by the British Film Institute, which provides grants to develop, distribute and promote independent UK and UK co-produced screen content in international markets and the Music Export Growth Scheme, which provides grant funding to support UK-based independent music SMEs to develop export campaigns to grow their international business and export revenue. My department is also committed to ensuring that the interests of the creative industries are pursued in the UK’s ambitious programme of Free Trade Agreements, including on audiovisual services, intellectual property rights and supporting the movement of creative professionals.</p> |