Creative Economy

NEWS: Screen sectors create £6bn of value

updated

February 22, 2021

Published on:

October 12, 2015

January 5, 2021

screen sectors add £6bn of value

The economic contribution of the UK's film, TV, animation and games sectors has been valued at more than £6bn a year.

A new report attempts to put a full value on the combined impact of the film, high-end TV, video game and animation sectors on UK's employment, value creation and tax revenues.

The authors - Olswang SPI and Nordicity - have produced the new assessment for the BFI, Pinewoood Shepperton, the British Film Commission, Ukie and Pact.

It estimates that in total these screen-based sectors account for 142,700 full time equivalent jobs, about £6.2bn of Gross Value Added and £1.83bn in tax revenues.

The report attempts to quantify so-called spillover and multiplier effects from these sectors as well as direct economic benefits.

Download report.