Autumn Statement 2023 - Creative PEC's representation

23 December 2023

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Authors:

Bernard Hay, 

Bernard Hay

Head of Policy

Bernard is Head of Policy at Creative PEC. Previ...

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Nik Gunn

Nik Gunn

Policy Adviser

Nik is a Policy Adviser with the Policy Team at Cr...

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The Autumn Statement presents an opportunity for the government to supercharge its plans laid out in the Creative Industries Sector Vision to grow the creative industries by £50 billion and support 1 million more UK jobs by 2030. The Creative PEC’s submission focuses on one area where further policy intervention could support growth in the sector: unlocking the R&D potential of the UK’s creative industries.

In this representation, we present a package of policy recommendations to: increase the proportion of public investment in creative industries R&D; adapt the definitions of R&D for the purposes of R&D tax relief to recognise the distinctive features of creative industries R&D, and improve the data collected and published relating to creative industries R&D and innovation. All three of these recommendations align with those made by the recent Council for Science and Technology Review led by Professor Julia Black (forthcoming).

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