Bulletin

London's creative firms provide more jobs than financial services sector

London's creative industries provide almost 800,000 jobs - more than the financial services sector - and boost the economy by £35bn. The findings from GLA Economics, the Greater London Authority's economic research unit, show that creative industries, such as advertising, architecture, IT and publishing, now make up 16.3% of total jobs in London. The industry is growing at a rapid rate. In 2014, there were 795,800 jobs in the creative economy, an increase of 106,300 or 15.4% since 2011. In comparison, last week's data from TheCityUK showed that a record 729,000 people were employed in financial and professional services in London at the end of June this year, a 2.2% increase on 2014. Nearly a quarter of creative jobs in the capital are in IT, software and computer services, followed by film, TV, video, radio and photography, which make up 16.5%. Advertising and marketing account for 14.4%.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?