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Globally Connected Creative Commerce in the UK

Obtain the comprehensive State of the Nations report compiled by Creative PEC, focusing on UK's Trade in a Global Creative Economy, delving into the role of creative industries as a significant export.

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Globally Traded Creative Economies: Focus on the UK Market
Globally Traded Creative Economies: Focus on the UK Market

Globally Connected Creative Commerce in the UK

UK's Creative Industries Thrive in Global Trade, According to New Report

A new report titled "UK Trade in a Global Creative Economy" highlights the growing importance of the UK's creative industries on the international stage. The report, authored by Professor Giorgio Fazio, Dr Jonathan Jones, Dr Sara Maioli, and Dr Daniel Simandjuntak from Newcastle University, suggests that creative services and goods exports are on the rise, making the UK a strong player in the global creative economy [1][4].

The report, published as part of Creative PEC's 'State of the Nations' series, underlines the significance of protecting UK intellectual property in international markets, as UK businesses invested £200 billion in knowledge assets in 2022 [3]. It also emphasizes the symbiotic relationship between goods and services exports, with creative services often supporting the trade of creative goods [3].

The findings of the report paint a positive outlook for the UK's creative sectors, with rising exports in creative goods and services, a robust international position supported by skilled talent and innovation, and government policies aimed at overcoming challenges and sustaining growth [1][3][4]. However, the report warns against complacency, as it suggests increased global competition from markets such as China [6].

To maintain and accelerate this momentum, the report suggests education, skills training reforms, and immigration policies are essential [1]. It also points to the importance of government initiatives such as trade strategy alignment, investment in regional creative clusters, and establishing advocacy roles to address systemic barriers faced by freelancers and businesses in the creative industries [1][5].

The report is the second in Creative PEC's 'State of the Nations' series and is part of a broader research programme funded by the Arts and Humanities Research Council (AHRC) [9]. Future reports in the series will focus on R&D, Innovation and Clusters (Sussex University), Arts, Culture and Heritage Sectors (Sheffield University), and Education, Skills and Talent (Work Advance) [8].

The report shows that the UK's creative service exports continued to rise over the 2010 - 2021 period despite the challenges posed by Brexit and the Covid-19 pandemic [7]. Creative service exports represented 14% of all UK services exports in 2021 [2]. The report can be cited as "Maioli, S., Fazio, G., Jones, J. and Simandjuntak, D. (2024) 'UK Trade in a Global Creative Economy'. Zenodo. doi: 10.5281/zenodo.10809397." [3].

The report design was done by Mike Green/Green Doe Ltd, and it is available for download at the Zenodo platform [3]. Other related reports include "Creative Further Education in the four UK nations," "Higher Education and the Arts and Culture Sectors," "Arts, Culture and Heritage: Audiences and Workforce," "Skills Mismatches in the UK's Creative Industries," and "Foreign Direct Investment in the UK's Creative Industries," which are all part of the Creative PEC research programme [4][5][6][7][10].

References:

[1] Maioli, S., Fazio, G., Jones, J., & Simandjuntak, D. (2024). UK Trade in a Global Creative Economy. Zenodo. doi: 10.5281/zenodo.10809397.

[2] Office for National Statistics (2022). Creative services exports represented 14% of all UK services exports in 2021. [Online]. Available: https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/october2022

[3] Creative PEC (2024). UK Trade in a Global Creative Economy. [Online]. Available: https://zenodo.org/record/10809397

[4] Creative PEC (2024). Creative Further Education in the four UK nations. [Online]. Available: https://creativepec.org/research/creative-further-education-in-the-four-uk-nations/

[5] Creative PEC (2024). Higher Education and the Arts and Culture Sectors. [Online]. Available: https://creativepec.org/research/higher-education-and-the-arts-and-culture-sectors/

[6] Creative PEC (2024). Arts, Culture and Heritage: Audiences and Workforce. [Online]. Available: https://creativepec.org/research/arts-culture-and-heritage-audiences-and-workforce/

[7] Creative PEC (2024). Skills Mismatches in the UK's Creative Industries. [Online]. Available: https://creativepec.org/research/skills-mismatches-in-the-uks-creative-industries/

[8] Creative PEC (2024). Foreign Direct Investment in the UK's Creative Industries. [Online]. Available: https://creativepec.org/research/foreign-direct-investment-in-the-uks-creative-industries/

[9] Arts and Humanities Research Council (2024). Creative PEC Research Programme. [Online]. Available: https://ahrc.ukri.org/research/our-research-portfolio/creative-pec-research-programme/

[10] Creative PEC (2024). Geographies of Creativity. [Online]. Available: https://creativepec.org/research/geographies-of-creativity/

  1. The UK's creative industries are playing a significant role in the global economy, as revealed in a new report titled "UK Trade in a Global Creative Economy".
  2. The report, authored by experts from Newcastle University, highlights the rising exports of creative services and goods, making the UK a leading player in the global creative economy.
  3. The symbiotic relationship between creative services and goods exports is emphasized, as creative services often support the trade of creative goods.
  4. The report suggests that education, skills training reforms, and immigration policies are crucial to maintain and accelerate the growth of the UK's creative sectors.
  5. Government initiatives such as trade strategy alignment, investment in regional creative clusters, and establishing advocacy roles are also highlighted as essential for overcoming challenges and sustaining growth.
  6. The report warns against complacency, as it suggests increased global competition from markets such as China.
  7. The report is part of a broader research programme funded by the Arts and Humanities Research Council (AHRC), with future reports focusing on R&D, Innovation and Clusters, Arts, Culture and Heritage Sectors, and Education, Skills, and Talent.
  8. The UK's creative service exports continued to rise over the 2010-2021 period despite the challenges posed by Brexit and the Covid-19 pandemic, representing 14% of all UK services exports in 2021.
  9. The report also points to the importance of protecting UK intellectual property in international markets, as UK businesses invested £200 billion in knowledge assets in 2022.

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