Bright Business Consulting LLP

Monday, July 16, 2018

Creative Industries in United Kingdom (UK)

British Government has approved a budget of approximately 16 million GBP in support of "Creative Industries in United Kingdom - (UK)" (Cinema, Music, Fashion, Design, Software, Architecture, etc.). The program - Create UK aims at having doubled the size of exports from 15 billion GBP in 2012 to about 31 billion by 2020 - through supporting foreign trade, education, investment, the infrastructure and the protection of intellectual property. The target of British Government is to include the "Creative Industries in United Kingdom - UK" in the official list of strategic industrial sectors.

The film industry, TV and music are an essential part of British economy both for turnover and employment as well as museums and galleries, photography.

Publishing employs over 220 000 people, 116 000 graphics, marketing and Advertisement have hired approximately 143 thousand employees. The computer industry and more generally ICT (Industry Information and Communication Technologies), provides for over 550 thousand jobs. The British capital has a disproportionate presence of creative industries. Although it focuses only on 12% of English citizens, London is home to 40% of infrastructure for the Arts, 90% of recording activity, 70% of film making and television production and about 70% of fashion designers. The creative industries in London are the second most important sector of the economy, after Services, employing 20% of the workforce of the entire city. They hold £ 32 billion capital a year. One of the most recent and interesting settlements in London is expanding in the East of the City, which is the area of Old Street Roundabout, Shoreditch, where there is the East London Tech City.

Basic principles for the development of a creative city are:

  • TECHNOLOGY: With the development of ICT new opportunities are being created for digital producers and service providers. New markets are emerging with amazing speed. In just three years 250 thousand applications for Apple and 100 000 for Google Android Market have been produced.
  • RULES/CONTROL: In a scenario of so quick technological evolution, intellectual property, copyright and protection policies must find the right balance to protect creative people and their products/contents.
  • REQUEST: Much innovation is driven by the interaction between consumers and producers. The availability of the British public to pay for satellite services for television has opened up a new positive market.
  • HARD INFRASTRUCTURE: Digital industries and communication need imposing physical and digital infrastructures to survive. Good transport links, including roads, railways, until of course Airports are important.
  • SOFT INFRASTRUCTURE: For the success of a business it is very important to have the possibility to contact a team of highly qualified professionals. Professionals in the field of Media and Communication must not only know how to handle content and services, but also how to manage aspects of "Legal and financial advice".
  • ACCESS TO FINANCE: Companies should have easy access to financing in order to grow. The unusual nature of Media success, which are typically small, projetc-based and uncertain of their future, may complicate investmenting. Professional companies, therefore, hold the task of providing such support.
  • POSITIONING: the capital is one of the few "global cities" in the world with its many theaters, museums and galleries. This is important as it provides financial expertise and specialized professionals, being at the same time a resource for business to business services and digital products.

The reality of the creative city is significant because it shows the potential that comes from the redevelopment of the suburbs acting as a magnet for economy, tourism and culture. A match of economic factors and good policy which are carefully evaluated with the assistance provided by Bright Business Consulting LLP, allows you to identify the areas where the "Creative Industries in United Kingdom - (UK)" can be implemented and tested.

Given that Bright Business Consulting LLP does not work in the field of Creative Industries" in the first person, but it is rather involved in this sector through consolidated and calcified synergies in the "PEE Project ", useful to the accompaniment of the companies interested in this market. However, in this scenario the analysis through a "Counselling Aimed at Company Investigations & Commercial Information" is a right suggestion, especially for those businesses that want to operate in the field of "Creative Industries in United Kingdom – (UK)".

TO HIGHLIGHT

In order to operate successfully, today and in perspective, in the growing field of "Creatives Industries" in the United Kingdom – (UK)" is absolutely advisable to have a local strong commercial presence also with the aim of accessing both contributions and "Tax Incentives in United Kindgom – (UK)". For such a purpose a British corporate body with suitable accreditations is advisable, so Bright Business Consulting LLP is the ideal partner for the fulfilment of what has been already mentioned.

JOIN MAILING LIST

CONTACT DETAILS

Bright Business Consulting LLP
58/60 - Kensington Church Street
LONDON - UK - W8 4DB 

CONTACT US FOR FREE    

fb  linkedin  twitter  

COMPANY PROFILE

Scroll to Top