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Dateline: 23rd February, 2008

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New Economy - New Talents

Yesterday the Departments for Culture, Media and Sport (DCMS), Business, Enterprise and Regulatory Reform (BERR) and Innovation, Universities and Skills (DIUS) published Creative Britain: New Talents for the New Economy, a "comprehensive plan for Government support for the creative industries".

Culture Secretary Andy Burnham said, "Making a career out of your passion and a business from your ideas – that’s what we want to help Britain achieve.

"So now is the time to recognise the growing success story that is Britain’s creative economy and build on it. The creative industries must move from the margins to the mainstream of economic and policy thinking, as we look to create the jobs of the future.

"Our vision is of a Britain in ten years time where the local economies in our biggest cities are driven by creativity. That’s why we need a clear action plan for both Government and industry to keep our competitive advantage. We want to take raw talent, nurture it, and give people the best possible chance of building a successful business."

The givernment aims to secure 5,000 apprenticeships across the creative industries by 2013 and among those organisations which have already made a commitment are All Out Productions, Birmingham Repertory Theatre, Everyman and Playhouse Theatres, the Royal Opera House, the Royal Shakespeare Company, the Sage Gateshead and the Unity Theatre.

The givernment also commits itself to:

  • working with the industries’ most successful creators, including Aardman Animations, EMI, and the Royal Opera House to develop five new ‘centres of excellence’ in creative skills
  • exploring the creation of a 14 – 25 Academic Hub for the creative industries, which will bring schools and art colleges and universities together
  • establishing networks of ‘regional beacons’ across the country to help creative industries make the most of business support available. Fund managers will be encouraged to bid for Enterprise Capital Funds, and Arts Council England will provide venture capital to small creative enterprises. Their support will be directed at projects that combine artistic excellence with commercial potential

The Creative Industries accounted for £60 billion, or 7.3per cent of Gross Value Added (GVA) in 2005 and grew by an average of 6per cent per annum between 1997 and 2005, which is twice as fast as the rest of the economy.

In 2006, creative employment totalled 1.9 million jobs. This comprised just over 1.1 million jobs in the Creative Industries and almost 800,000 further creative jobs within businesses outside these industries. Total creative employment increased from 1.6m in 1997 to 1.9m in 2006, an average growth rate of 2per cent per annum, compared to 1per cent for the whole of the economy over this period.

Exports of services by the Creative Industries totalled £14.6 billion in 2005, which equates to 4.5per cent of all goods and services exported.

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©Peter Lathan 2008