Government announces multi-million investment in UK creative firms

Nadine Dorries, the UK’s Cultural Secretary, has announced that businesses operating in the creative industries will now benefit from government investment worth £50m.

The aim of the new initiative is to assist in driving economic growth in the UK as part of the government’s “levelling up” plan.

Companies and individual investors looking to support specific sectors through investment use services supplying wealth management in Chester, Manchester, and other major cities for expert advice.

The upcoming government investment will include £21m supplied via the UK Global Screen Fund over a three-year term. Funds invested are intended to keep growing the British film industry’s continuing international success. Over £18m in funding will be allocated to support creative businesses beyond the UK capital as companies create brand new economic opportunities for the areas that they operate in, through the Creative Scale Up Programme.

A further £8m will assist the UK’s start-up gaming enterprises to expand their current operations via the UK Games Fund. Situated in Scotland’s Dundee, the Fund will ensure employees at video game companies have the skills required by their sector to succeed.

Commenting on the Government investment, the Culture Secretary commented:

“The creative industries in the UK are truly world class and I am committed to doing everything I can to support their innovative work as they continue to thrive.”

Increased support will be offered to creative businesses across the UK through the funding, thus nurturing talent and supplying assistance to businesses in their early stages, as well as young entrepreneurial developers.

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