The Creative Economy

MQT on 2015-11-18
Session date: 
November 18, 2015
Question By: 
Fiona Twycross
Labour Group
Asked Of: 
The Mayor


Following the recent study by GLA Economics which found that the capital's creative industries provide more jobs than the financial services sector, what steps are you taking to support these industries, particularly in light of the negative impact of the changes to PD rights?


Answer for The Creative Economy

Answer for The Creative Economy

Answered By: 
The Mayor

Creative Industries play a significant role in London's economy and employment. To that effect I am supporting and funding a range of projects. Below some examples:

       I am providing over £2.1 million this year to support Film London, British Fashion Council and the London Design Festival.

       Through the LEP I have provided £100,000 to two pilot projects (i)aimed at supporting small TV companies and (ii) developing better pathways between JobCentres and the creative sectors.

       I am also exploring ways of supporting the capital's video games industry. A Games Plan for London will be announced in the new year.

       Through the High Streets Fund I am also funding a range of projects in a variety of locations. (1) the Old Manor park library is being converted in a hub for artists; (2) SPACE studios headquartes in Mare Street has received funding for remodelling its venue to be used for events, exhibitions and workspace; (3) the Turf-fit in Croydon has transformed an empty shop into an artist-run space with gallery and affordable workspace; (4) In Richmond I am providing funding for an empty shop to be transformed into a space for creative skills-sharing for the local community.

       In summer I launched the London Regeneration Fund. Workspace, including creative and cultural spaces, is one of the key objectives of the fund.