Thought for London - August / September

The growing business of creativity

While the financial and business services sectors will continue to drive the estimated $80 billion of growth in London over the next five years they are not the only sectors positioned for significant growth. 

Londons creative industries, including design, publishing, digital media, music and film, already significantly contribute to the London economy, accounting for more than 10% of the capital's GDP. This platform for growth is built on a capital that contains the largest music market in Europe and the third largest in the world, that is home to more than 60 film studios and 50 film festivals each year, as well as being firmly established as one of the Big Four fashion capitals of the world.   

Not surprisingly, this creative sector which is also recognised as one of the most innovative markets globally, is particularly attractive to fast growing businesses from around the world. Film London estimates that Indian productions alone contribute $52 million to the London economy each year. 

London has both the platform, talent and market access to help creative companies enter the UK market and create a springboard for growth into Europe - and with the convergence and speed of technological innovation this is a particularly exciting time for smaller and specialist companies from all over the world to come to London.

Recognising this, here at Think London we are increasing our efforts to reach out to the creative sectors both to help with entering the market now � but also to understand how we can work with existing businesses in London to support the competitiveness of London based players both internationally and locally.

There has never been a better time for creative industries in London. Let us know if we can help you.

Michael Charlton
Chief Executive, Think London

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