Monday, 27 October 2014

The creative economy

Originators; people who produce "one-offs" 
Galleries, Museums, Cultural experience, auction houses

Experience creators; intellectually stimulates you
Theatre, Concert/Opera (music), Gallery, Festivals, Online videos "Youtube", Shopping (4D experience)

Content producers; business model around it - more money/revenue & exposure
Film, Fashion, Writing, Music, Games

Innovation and growth; based on creativity, talent, individuality, ideas and innovation

  • £71.4 billion to UK economy
  • £26 bn fashion related
  • £8m per hr
  • Growing at rate of 15.6% since 08
  • 5.66% of those employed in UK (1.6m jobs)
  • Creative industries employment increaded by 8.6% between 2012 & 2012, compared to 0.7% for all UK Economy
  • Exports by Creative Industries was £15.5 billion in 2011, 8% f total UK service exports

Fashion statistics
  •  Output increase, technological changes - huge demand in software/technology 
  •  £26 bn up from £21 bn in 09
  •  UK fashion industry supports 797,00 jobs 
  •  Decrease of 2.3% from 2009
  •  Employee’s wage income is estimated to have risen over $46 bn
  •  An increase of 23% since 2009 – no paid internships increased

Little and Large
  •   84% of creative businesses have less than 10 people
  •   2% more than 100 people
  •   60% of design businesses less than 5 people 

Self-employment
  •   More than half of film, TV, radio and creative, arts               and entertainment services and industries are s/e
  •   Compares to 14% s/e across economy
  •   48% portfolio working
  •   23% self employed/freelance
  •   18% running own business
  •   44% want to have own business

We are the traders, communicators and distributors. We can build or destroy a business.

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