£50m Shot in the Arm for the UK’s Creative Businesses

Film-makers and video-game developers will be among the creative firms that can benefit from a new £50 million pot. 

The Department for Culture, Media and Sport (DCMS) has announced a multi-year UK global screen fund will open soon. That will provide £21m towards promoting UK films globally over the next three years, following a successful trial run over the last 12 months. In addition, the creative scale-up programme offers £18m of new funding to help creative firms grow outside of London.

A further £8m has been earmarked via the UK games fund to offer £25,000 grants to entrepreneurial, startup developers to support business development.
DCMS said, on average, domestic-based creative industries are growing almost two times faster than other sectors of the UK economy. 

Nadine Dorries, culture secretary, said:

“The creative industries in the UK are truly world-class and this will provide them with the tools they need to expand and provide even more jobs.”

Caroline Norbury, chief executive at Creative UK, added:

“This funding rightly recognises the power of our sector and the vital importance of investing in creativity to drive growth and innovation across the UK.”

The Government intends the funding to help “drive economic growth around the UK” as part of its wider levelling-up initiative. 

Speak to us about your business growth plans.

Helena

Chat with our Ltd. Company Account Manager Helena

To stay up to date with accountancy matters that may affect you please follow us on socials: