£150 million creative industries fund prioritises regional growth
The Government’s 2025 Industrial Strategy will provide much needed financial support to the UK’s creative sector and prioritises regional growth, say leading audit, tax and business advisory firm, Blick Rothenberg.
Mandy Girder, a Partner and Media Lead at the firm, said: “The strategy offers vital fiscal support for the UK’s creative sector in the form of a £150 million Creative Places Growth Fund. The fund prioritises regional growth in the North-West, West Midlands, North-East, Cardiff, creating major opportunities for businesses beyond London.”
She added: “The aim of the fund is to help creative industry businesses scale by unlocking new financing, boost R&D, and support workforce development. Aligning these Local Growth Plans with combined authorities will help bridge productivity gaps and unlock local talent.”
Mandy said: “With a large proportion of creative workers being self-employed, the sector is highly exposed to economic shocks. Expanding apprenticeships and the Creative Careers Programme are positive steps, but there is some way to go to address mid-career and digital skill gaps. The appointment of a Creative Freelance Champion is a welcome move that recognises the challenges and support needed by freelancers in the industry.”
She added: “Industry oversight remains prevalent, but the new Creative Industries Taskforce and Council will also play a crucial role. The Council is made up of members across the creative sub sectors and across the UK, which will be pivotal in fostering an environment of transparency and accountability.”
Mandy said: “Createch is a clear industry growth area, with a £25 million Creative Futures programme committed to immersive tech, AI, and IP driven innovation. However, legal clarity around AI training data and copyright must involve the wider industry.”
She added: “This plan puts the creative economy on equal footing with traditional industries. But its success will depend on strong financial controls, transparent outcomes, and effective leadership.”
