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Jun 17, 2020 · The UK’s creative industries are projected to experience a revenue drop of £74bn in 2020, according to the Creative Industries Federation (CIF). The figures emerge from research carried out by Oxford Economics, which reveal the UK’s creative industries are “on the brink of devestation”, CIF says.
Jun 17, 2020 · The creative industries in the United Kingdom are facing a year-over-year decline in revenue of £74 billion ($92.7 billion) as a result of the COVID-19 pandemic, a report from Oxford Economics finds.
Feb 22, 2022 · Ten million creative jobs have been lost because of the pandemic. Digital revenues fail to make up for losses from live events. UNESCO calls for changes to better support the cultural sectors in future. Better use of data and more public investment are two areas to work on.
- Kayleigh Bateman
In 2019-20, a total of £1.11 billion was paid out across all the Creative Industries tax reliefs. This is an increase from £1.08 billion in 2018-19. Figure 1 shows the amount of each relief...
Jul 25, 2020 · Oxford Economics, ‘a commercial venture with Oxford University’s business college’ projects a $US92.7 billion decline in revenue for the Creative Industries in the United Kingdom in 2020 (over 2019 revenue) as a result of the COVID-19 pandemic.
- Graeme Harper
- 2020
Jun 17, 2020 · New research from Oxford Economics projects a combined revenue drop of £74 billion for the UK’s creative industries in 2020 (£1.4 billion a week), with a GVA drop of £29 billion, and 406,0001 (1 in 5) creative jobs expected to be lost.
The creative industries are growing at five times the rate of the UK economy as a whole. 34% of creative workers are freelancers and in some sub-sectors the figure is much higher, such as 50% in film and video production.
