Adobe invest £63.5 million in booming UK creative sector
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Minsters from the Department for International Trade and Department
for Digital, Culture, Media and Sport (DCMS) will today host
industry leaders including Adobe at a Creative Investor Roundtable.
They will discuss the UK’s strengths as a creative hub and the UK’s
unique offer in the creative sector. Hosted at 10 Downing Street,
the event is the fifth in a series of investment roundtables which
promote UK industry sector opportunities to a global audience, and
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Minsters from the Department for International Trade and Department for Digital, Culture, Media and Sport (DCMS) will today host industry leaders including Adobe at a Creative Investor Roundtable. They will discuss the UK’s strengths as a creative hub and the UK’s unique offer in the creative sector. Hosted at 10 Downing Street, the event is the fifth in a series of investment roundtables which promote UK industry sector opportunities to a global audience, and drive foreign direct investment into the UK. Newly released figures from the DCMS show the value of the creative industries to the UK is up from £94.8 billion in 2016 to £101.5 billion, and has grown at nearly twice the rate of the economy since 2010. The investment from Adobe will benefit the number of creatives, small businesses and enterprises in the UK who currently use the company’s software, accelerating innovation and driving economic growth. The company has grown its workforce in the UK by 30 per cent in last two years and has offices in Shoreditch, Maidenhead and Edinburgh. Companies attending the roundtable include:
Secretary of State for Digital, Culture, Media and Sport, Jeremy Wright said:
Investment Minister Graham Stuart said:
Gavin Mee, Vice President for Northern Europe and UK MD, Adobe said:
The Government continues to back the creative industries. There has been a £12.6bn increase to the sector since the introduction of dedicated tax reliefssupporting high-end television and film production. There was also £1.38bn of inward investment in the film industry last year as a result of tax relief. As part of the Government’s Industrial Strategy, nine new Creative Clusters across the UK have benefitted from £80m funding to boost innovation by part-funding research partnerships between universities and industry. They aim to increase the use of digital technologies to improve audience experience in the screen and performance industries, and shorten production times in the design industry. The UK is a world leader in the digital economy, with venture capital in London’s tech sector reaching an all-time high last year of £2.45bn – more than Germany, France, Spain and Ireland combined. More than 2.1 million people are employed in the digital and tech economy and the UK has more than 800,000 professional software developers, adding more than £116.5bn to the UK economy. The UK is the number one destination for tech talent, with one in five of all international movers coming to the UK. Further Information:Find out more about DCMS’s Sectors Economic Estimates Full list of roundtable attendees:
About AdobeAdobe is a provider of creative, digital document and customer experience management solutions, empowering everyone from individual creative professionals to large enterprises to create digital experiences that drive the UK’s economy. The investment will further grow the number of consumers, small businesses and enterprises in the UK who currently use the company’s software, accelerating innovation and driving economic growth. The company’s office in Shoreditch hosts hundreds of creative professionals, marketers and executives throughout the course of the year. Additionally, Adobe works with university and educators throughout the UK to ensure that students and young professionals are developing creative and technical skills needed for jobs in the new digital economy. |