The impact of the downturn on the creative industries

South East England Development Agency (SEEDA) commissioned Experian to examine the impact of the downturn on the creative sector in the South East – although an inherently difficult task in the rapidly changing economic climate – this study aims to contribute to the body of knowledge on the sector particularly focussing on the short term implications of the downturn and also setting these in a more medium to long term context.

The creative industries have experienced unprecedented growth over the last decade. The sector is considered to be an important and developing sector, fundamental to economic development and growth in the post globalised age. However, the lack of liquidity and continuing redundancies caused by the global downturn will have a profound effect on this, and all sectors. It is essential, for the continuation of the sector’s prosperity that the effects of the downturn on the creative sector are understood, in order to mitigate the worst effects of recession and so that appropriate measures can be taken to prepare for the upturn.

This report uses the Department of Culture, Media and Sport (DCMS) definition of creative industries, which breaks the sector into ten more detailed sub-sectors which are: advertising, architecture, art and antiques, film and video, computer games, software, electronic publishing, music and the visual and performing arts, publishing, radio and television, crafts, video, film & photography, design & designer fashion. Data is gathered from the Standard Industrial Classification (SIC 2003/1992)8 and Standard Occupational Classifications (SOC 2000) at the four digit level – the latter to account for those that work within the industry and those who are in creative roles in non industry sectors.

Dated 23/07/2009

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Owning Organisation

SEEDA Research & Economics - http://www.seeda.co.uk/Publications/Research_&_Economics/

Data Type

Research Report

Lowest Geographical Level

NUTS 2 (Government Office Region)

Theme

Economy, Society