The House of Lords Communications Committee warns that Government complacency risks undermining the UK’s creative industries in the face of increased international competition and rapid technological change.

In a report published today, the Committee says that the UK’s creative industries should sit at the heart of the UK’s economic growth plans. But the Committee sounds the alarm over missed opportunities and a failure among senior Government figures to recognise the sector’s commercial potential.

The UK’s creative industries were worth more than £115bn to the UK economy before the pandemic, and make up as many as one in eight businesses across the country. Their contribution to the economy in 2019 was more than the aerospace, life sciences and automotive industries combined. The sector also delivers higher levels of innovation than many other areas of the economy.

Read the full report here