Creative industries ‘could outstrip financial sector’

Britain’s creative industries could soon employ more people than the financial sector, according to new figures.

Statistics from the National Endowment for Science, Technology and the Arts show that, by 2013, the creative sector is expected to employ 1.3 million people.

A spokeswoman for Nesta says the sector will then outstrip financial services, which currently employs 1.2 million professionals, according to Financial Services Skills Council figures.

Nesta’s analysis also suggests that, between 2009 and 2013, the UK’s creative industries will grow, on average, by 4 per cent, more than double the rate of the rest of the economy.

The organisation predicts that, by 2013, there may be as many as 180 000 creative businesses in the sector, compared to the current number of 148 000, and the sector will be contributing as much as £85bn to the UK economy, compared to £57bn now.

Jonathan Kestenbaum, chief executive of Nesta, says, ‘Today’s figures point to the creative industries, and specifically the talent we have nurtured within it, becoming a key driver in the UK’s recovery from recession.’

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  • Ellora Soucek November 30, -0001 at 12:00 am

    Have never heard anything so ridiculous, you already have 200,000 working for RBS alone.
    Who works these statistics out!

  • KSheldon November 30, -0001 at 12:00 am

    The U.S. is talking of Nationalization of B of A and Citicorp. Merryl Lynch, UBS and others have suffered as well as the banking industry.

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