The report suggests creative industries micro firms have a vital role to play in driving innovation, which is key for helping the government achieve its productivity and growth ambitions.

👉 Download the full report: pec.ac.uk/state_of_the...

ℹ️ There are clear gaps in information: half of R&D-active creative micro firms do not access guidance or advice about R&D and innovation, significantly more than micro firms in other Industrial Strategy priority sectors.

📅 44% of creative industries micro firms plan to engage in R&D over the next three years, compared with just 24% of micro firms more generally.

💻 Creative industries micro firms are significantly more likely than the wider population of micro firms – and firms in other Industrial Strategy priority sectors – to consider the integration of new technology into their products and services as vital.

🔍 64% of the creative industries micro firms surveyed have participated in some form of R&D in the past three years, compared with 46% of all micro firms across the economy.

To find out more:
👉 Download the report: pec.ac.uk/state_of_the...
👉 Join the online launch event today at 12:00PM GMT: events.teams.microsoft.com/event/db8bb0...

The report makes a series of recommendations, including:
✅ Boost mentorship programmes that build management capacity and exporting knowledge among creative MSMEs
✅ Raise awareness of key export support programmes
✅ Improve the evidence base to understand barriers to finance

The report finds that across all regions and nations of the UK, creative industries firms are more likely to be exporters compared to those across the wider economy, and that this gap is widening, suggesting prioritising the creative industries also supports regional and national growth ambitions.