Success of creative industries is good news for jobs growth in the capital

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Photo: Loreanto ┃Shutterstock.com

The creative industries are growing at twice the rate of the wider UK economy and that’s very good news for London which is the heartland of the sector.

Latest government figures show that the UK’s creative industries grew by 8.9% in 2014, the strongest performance of any sector. They are now worth £84.1 billion a year to the economy.

The creative industries were defined by the government at the start of the century as those based upon individual creativity, skill and talent that have the potential to create jobs and wealth through the exploitation of intellectual property.

If that all sounds a bit technical it boils down to things like the music, film, TV, video games, visual arts and the fashion industry. It also includes architecture, craft and design companies. But the biggest part is IT, software and computer services.

There were 1.8 million jobs in the creative industries in the UK in 2014, when they were last counted, and most of them were in London. The last few years has also seen a substantial rate of growth in the East and West Midlands, the South West and the North East.

creative industries

The creative industries account for 11.8% of the jobs in the London economy, a much higher proportion than any other regions.  So, the continued success of this sector is particularly vital for the capital.

Source data

See also

Economic growth carries risk for culture and creativity, says report

Shrinking public sector employment outdone by private sector jobs growth

Self employed map shows huge rise in parts of city

 

How London’s choice of nightlife compares to other cities

dancing-2London is rightly famous for vibrant nightlife but if you want a bar scene Rio’s the place for you, and if you want to shake something then head to Shanghai.

A serious-minded report on the impact of economic growth on culture and the creative industries has thrown up some interesting facts about how London compares with other cities.

It appears that while people in London may like a drink, that’s as nothing compared to the bar scene of some Latin capitals. Madrid has twice the number of drinking establishments of either London or New York. Rio has more than twice the number of Madrid. But the figures really stand out when you look at the number of bars per 100,000 of the population.

Bars per 100k

Our capital does a little better when it comes to restaurants. London has similar number as New York but fewer than Paris. But if you want some choice in eating out then Toyko is then place for you. The Japanese capital has 150,510 restaurants. That’s equivalent to 1 for every 100 people. Depending on the size of the eating places it seems that a fair proportion of Tokyo’s residents could go out to dinner one night.

Restaurants

There’s a bigger clubbing scene is in London than Berlin, but if you’ve got your dancing shoes on then point them to Shanghai which has twice the number of clubs and dance halls as LA.

Clubs

 

London appears to be falling down when it comes to live music. With 245 venues London trails behind New York. The data for London on this is from 2011 and recent reports suggest more venues closing.  Australia emerges in the figures as the place to see live bands and singers. Sydney may be a smaller city but it has nearly matched New York for venues, and Melbourne out performs them all.

Live muisc

The French emerge in the data as the most avid cinema-goers with 30% more cinema admissions in Paris than London. It has more cinema screens too, nearly matching Los Angeles, the home of Hollywood.

cinema

Data sources

World Cities Culture Forum 2015 report

See also

Economic growth carries risk for culture and creativity, says report

Why the Mayor thinks busking should be music to our ears

London losing its thirst for binge drinking