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Creative England awarded £8m to boost the Creative Industries
Published: 02nd March 2015.
For the third time running Creative England have successfully made the case to the Government for investment in creative talent and business across England.
But the difference this time, is the additional funding will enable Creative England to open up investment and support to creative businesses in the East of England - something that previous funds didn’t allow.
The £8m has been awarded from Round 6 of the Government’s Regional Growth Fund to invest in, support and develop businesses across the games, television, film and digital creative industries.
The Government’s Regional Growth Fund has invested nearly £3 billion to help businesses in England to grow; so far generating over 100,000 jobs.
Caroline Norbury, their Chief Executive said:
“The creative industry is growing three times faster than any other and our creative talent is world-leading so serious investment in the people driving this growth and their ideas is a no-brainer.
“Creative England has so far invested nearly £14.5m in the creative industries, contributing directly to the growth of the UK’s economy. And our teams are expert at finding the most exciting new talent this country has to offer; we’ve supported award-winning games developers, digital healthcare platforms and the latest social media software and apps.
“This £8m means we continue to invest in the best creative talent and businesses in cities all across England, helping to bring their ideas to life and their businesses to flourish.”
The funding comes after record statistics showed that the creative economy has had its most successful year to date with an increase of nearly 10% in GVA. Recent research by Nesta and Tech City has both highlighted the growth of employment and businesses in the creative economy across the whole of the UK.
Creative England are currently planning what this will look like on a practical level so keep an eye on our Twitter feed and website for news in the coming months.
Source: Creative England, 12th February 2015