An Overview of the UK’s Creative Industries

The UK’s reputation for flair, talent and imagination comes from the combination of our rich cultural heritage and cutting-edge creative companies. This lies at the crux of our international success.

The UK creative sector has been outpacing the rest of the UK economy two-fold in recent years. Despite challenges caused by COVD19, the creative sector will play a central role in Britain’s future prosperity. Innovative companies thrive in the UK for many reasons: from incredible talent that has been educated at world’s top universities to the culture of creativity that arises from collaboration across industries.

Businesses of every size – including design, film and TV, VFX, immersive technologies, music, games, and publishing – benefit from the UK government’s commitment to their growth. The government offers a number of programmes that directly benefit the creative industries, including: • An R&D Tax Credit for small and mediumsized companies that are pushing the boundaries of new technology;

• The Global Entrepreneur Programme (GEP) for non-UK entrepreneurs of innovative technology companies that want to relocate their headquarters to the UK;

• Tax Reliefs for Film, High-End TV,

Animation, Children’s TV, and Games for content that qualifies as British, which can also be applied to post-production and visual effects; and

• The Tradeshow Access Programme (TAP)

Grants that subsidize the direct costs of attending certain conferences and tradeshows with DIT.

• Government-backed finance or insurance from UK Export Finance (UKEF), the UK’s export credit agency.

We encourage you to look deeper into all of these programmes and follow up with us to ask how your company might benefit from them – either as a British business expanding overseas, or as a company looking to invest in the UK.