A recent study has shown that the BBC is boosting the growth of the UK’s creative industries through investment. According to the research, the British broadcaster’s funding in key cities like Cardiff and Glasgow contribute up to 11 per cent of the total figure for creative employment.
UK companies and consumers interested in funding creative and social agendas often seek out investment advice in Chester, Cardiff, and other major metropolises. As independent financial advisors (IFAs), wealth managers are often counted on for the informed and impartial assessments they can offer of potential investment opportunities.
The report issued recently has displayed the effect that increasing the local footprint of the BBC has on creative clusters in the surrounding area. An increase of 15 per cent in the broadcaster’s local operations effectively doubles the rate of growth in a region’s creative industry over time.
Tim Davie, BBC Director-General, commented,
“We’ve seen the significant impact the BBC has on creative economies regionally with greater growth, new creative businesses, and more highly skilled jobs. We have delivered big moves for TV, radio, and news content, better representing, and reflecting audiences across the UK, and we are committed to doing more.”
Examples of this impact can be found in creative hubs across the country in Salford, Glasgow, Cardiff and Belfast, as well as Birmingham. In these British cities, BBC investment has boosted the level of growth, as a greater BBC presence helps to amplify the creative economy within a local area.
