Re-imagining growth finance could boost the creative economy and help tackle regional inequality in support of the UK Government’s growth mission.
This new research finds that creative businesses are more likely to identify new R&D opportunities than businesses in other sectors but may face barriers in accessing the capital they need to act upon these.
The report finds that venture capital finance for creative industries firms is heavily concentrated in London and the South East – with 63% of all investments made in these two regions, compared for example with 11% in the North of England, 5% in the East of England, 6% in the South West, 5% in Scotland, and just 2% in Wales and Northern Ireland.