The UK has a long and successful history of trading with all parts of the world. Its creative industries are a huge success story, delivering over £17.9 billion of exports in 2013, 8.7% of all UK exports.
Music, television, film, games, fashion, design and architecture have been notably strong at developing content, products, services and talent for overseas markets. For more information see:
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UK Export Finance (UKEF) can provide extra capital to finance large projects and help grow businesses.
Design makes a significant positive contribution to the UK’s international trade performance. High quality design is one of the UK’s main selling points in the global economy and helps to sustain a range of export activities.
Important overseas markets are advanced economies in the European Union and the Americas. Evidence suggests that exports to emerging markets such as China, Russia and India are also starting to grow (source: UK design as a global industry IPO).
UK developed games are in strong and increasing demand overseas. It is estimated that 95% of UK games businesses export at least some of their products or services to overseas markets. On average, almost half of a UK games company’s turnover is generated from international sales (source: TIGA).
The UK film industry is big on innovative ideas, creativity and skills and is a valuable and growing contributor to the UK economy. The UK film industry exported £1.3 billion worth of services in 2012, 71% higher than in 1995. (source: BFI Statistical Yearbook 2014). For more about the UK film industry visit the British Film Commission.
The UK television industry has a truly global reach and appeal and international exports of UK TV programmes have grown steadily in recent years. The estimated total revenue from the international sale of UK TV programmes and associated activities was £1.2 billion in 2014/15 (source: PACT TV export survey).
The UK is considered a world leader in animation and offers internationally renowned expertise in a wide range of specialisms. Within the major western markets, the UK has, in value terms, around a 15% share of the TV animation produced (source: Securing the future of UK animation, Animation UK, September 2011.)
The UK is one of the world’s leaders in the aptly named ‘experience economy’, the creation and operation of visitor attractions. Attractions are increasingly becoming a retail ‘experience’ and include:
The UK has a strong track record in developing and promoting the international careers of its talented composers and performers. It consistently delivers acts that break across international territories and sell in markets right across the world. Recorded UK music exports grew by 17% in 2014, reflecting the UK’s status as the second largest provider in the world (source: Measuring Music 2015).
The Music Export Growth Scheme, launched in September 2013, provides £1 million a year to help UK music companies develop artists or projects internationally.
The UK publishing industry is highly successful in overseas markets. In 2014 UK book publishers exported 270 million physical books, worth £1.24 billion. Export sales of physical books account for 44% of the UK book publishing industry’s revenue (source: PA Statistics Yearbook 2014).