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Creative UK has revealed a new fund to add €50 billion to the UK games industry.
The investment aims to add one million job roles to the market by 2030.
Additionally, in partnership with Triodos Bank, Creative UK has launched a Creative Growth Finance 2 fund of €35 million.
This fund will be used to meet targets set by the UK government and the Creative Industries Council’s Sector Vision, a set of goals for the market.
The Sector Vision is listed below:
- Goal One: Grow creative clusters across the UK, adding £50 billion more in Gross Value Added (GVA).
- Goal Two: Build a highly-skilled, productive and inclusive workforce for the future, supporting one million more jobs across the UK
- Goal Three: Maximise the positive impact of the creative industries on individuals and communities, the environment and the UK’s global standing.
Creative UK chief executive Caroline Norbury OBE said, “Over the past decade, the UK’s Creative Industries have grown more than 1.5 times the rate of the wider economy, currently generating £108 billion in economic value and employing 2.3 million people.
“However, this country’s talented creative businesses are experiencing a significant gap between their immense growth potential and access to the vital capital they need to succeed.”
