- The creative sector makes a remarkable contribution to the UK economy
- It is integral to the UK’s economic and social regeneration
- £400m budget bonus to support the arts
British stars dominated at Sunday evening’s Golden Globes virtual awards ceremony with The Crown taking several awards and Sacha Baron Cohen and John Boyega also scooping top prizes. The British TV and film industry proving once again their world leading status.
As The Times reported this week “It’s a reminder, if one were needed, of not only the extraordinary vibrancy of Britain’s creative industries but the remarkable contribution that they make to the economy.
Before the pandemic, the sector was growing five times faster than the wider economy. In 2018 it contributed more than £100 billion to GDP and generated £35 billion of exports.”
The government have made it clear they will do everything they can to support our world-renowned arts and cultural industries.
“It’s only right that we continue to build on our historic package of support for the sector. This industry is a significant driver of economic activity, employing more than 700,000 people in jobs across the UK, and I am committed to ensuring the arts are equipped to captivate audiences in the months and years to come.”Rishi Sunak
Calculus Capital set up the Calculus Creative Content EIS Fund in 2019, to open the door for investment into TV, film and content creation companies. We are delighted to support this sector and have, so far, made investments into five companies – enabling them to grow, innovate, export and scale-up. EIS investing is an important contributor to the successful development of different sectors, and creative industries in the UK offer both proven success and further huge potential for growth for investors.
For more information, please contact our Investor Relations team here