MDJM Highlights the Importance of Creative Industries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
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Source: PRnewswire
- Creative Industry Contribution: In 2023, the UK creative industries contributed over £124 billion to the economy, accounting for more than 5% of total economic output and supporting approximately 2.4 million jobs, highlighting the sector's strategic importance in national economic development.
- Enhanced Policy Support: The UK government offers a 39% expenditure credit for animated films and television productions under the Audio-Visual Expenditure Credit system, aimed at attracting global production and strengthening the domestic creative ecosystem, thereby enhancing international competitiveness.
- Scotland's Creative Economy: Scotland has positioned its creative industries as a central pillar of its cultural and economic development strategy, with public agencies like Screen Scotland focusing on building production capacity and supporting creative talent to drive long-term industry growth.
- European Policy Environment: The animation and audiovisual industries in Europe operate within a robust policy framework, with the Creative Europe program facilitating cross-border collaboration and enhancing the international circulation of creative works, fostering a highly interconnected animation ecosystem.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
