Culture Sector's Contribution

Meeting: 
MQT on 2016-10-19
Session date: 
October 19, 2016
Reference: 
2016/4000
Question By: 
Navin Shah
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Cultural activities, theatre and the arts are now worth £27 billion to the UK economy.  Meaning, the culture sector's economic contribution to UK since 2010 has grown by 33%. The sector is now worth 1.3% of the UK's economy. Are there figures available to assess what contribution culture and creative industries have made to London's economy? Would you have in your culture infrastructure  any targets for growth in this sector for the years to come?

Answer

Answer for Culture Sector's Contribution

Answer for Culture Sector's Contribution

Answered By: 
The Mayor

According to the GLA Economics report 'The Creative Industries in London' (2015), the creative industries in London generated £35 billion in 2012, accounting for just under half of the 2012 UK total of £70 billion. The creative industries contributed 10.7 per cent of total GVA in London, and over the post-recessionary period showed relatively higher growth than London's economy as a whole.

In 2014, there were 795,800 jobs in the creative economy in London, equivalent to 1 in 6 jobs in the capital.

The Cultural Infrastructure Plan will establish baseline data, identify gaps and recommend ways of sustaining and growing London's cultural infrastructure. Through the Cultural Infrastructure Plan I will establish goals to protect and increase areas of infrastructures that are at particular risk for example creative workspace and grassroots music venues which have been declining over the past decade.

In addition, GLA Economics will update the economic contribution figures.