Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Creative UK dishes out £35m investment fund

by September 26, 2023
September 26, 2023
Creative UK dishes out £35m investment fund

Creative UK has launched a new creative industries investment fund to support the UK’s ambitions to grow the sector by £50bn and create one million extra creative jobs by 2030.

The £35m Creative Growth Finance II (CGF II) fund will provide the investment needed to meet the targets set out in the UK government and Creative Industries Council’s recently published Sector Vision.

Caroline Norbury OBE, chief executive, Creative UK, explains: “Over the past decade, the UK’s creative industries have grown more than 1.5 times the rate of the wider economy, currently generating £108bn in economic value and employing 2.3m people. However, this country’s talented creative businesses are experiencing a significant gap between their immense growth potential and access to the vital capital they need to succeed.”

Delivered in partnership with Triodos Bank, CGF II is the largest single fund to be delivered by Creative UK, following its investment of more than £50m into the UK’s creative industries over the past decade.

Tech expert Sjuul van der Leeuw, CEO of Deployteq said: “The creative industries are at a really exciting moment, with tech innovation like AI revolutionising areas such as marketing and creative production, so it’s fantastic to see the UK’s commitment to supporting this growth. This extra investment will enable companies to master emerging technologies and turbocharge the sector’s growth, adding significant value for businesses and the wider economy.

“The funding will also enable the onboarding and training highly skilled staff adds a new dimension to businesses’ creative offerings as well as their capacity to make use of automation-enabled technologies to boost the efficiency of critical processes and reach new audiences through channels such as email marketing” he added.

CGF II continues on from the first Creative Growth Finance fund, which launched in 2019 and has since invested over £17m into more than 30 creative businesses located across the UK and operating within sectors including film & TV, virtual production, video games, advertising and software.

The existing CGF fund portfolio has so far experienced an 108% improvement of average monthly revenues, a 39% headcount growth average with more than 225 jobs created, and nearly £19m raised in further third party funding.

Phillip Bate, director of business banking, Triodos Bank UK, said: “Four years on from the launch of the first Creative Growth Finance fund, our partnership with Creative UK goes from strength to strength and continues to support companies at the forefront of innovation. For a bank only focused on financing projects with positive impact, we can see the social importance of these organisations to the UK. Creative UK’s expertise has been key to helping us grow our funding of this important sector.”

Companies benefiting from Creative UK funding include Dimension Studio (virtual production), Moonraker VFX.

Read more:
Creative UK dishes out £35m investment fund

0
FacebookTwitterGoogle +Pinterest
previous post
White House releases fiery statement on government shutdown: ‘Playing partisan games’
next post
Everything you need to know about mobile hotspots

You may also like

UK government borrowing surges to £16.6bn in September,...

October 22, 2024

Hybrid working boom drives Regus-owner IWG to record...

August 8, 2023

UK train drivers set to hold another strike...

December 21, 2022

Two Thirds UK Tech Workers believe Women are...

August 3, 2023

UK Economy Stagnates in April Amid Wet Weather

June 12, 2024

Building a Budget Gaming PC in 2025: The...

December 20, 2024

Premier Inn owner Whitbread to return £2bn to...

October 16, 2024

Female founders built over 150,000 new businesses in...

March 7, 2023

UK supermarkets spend hundreds of millions on promotions...

April 29, 2025

Ministers warned of electric car policy fiasco

February 27, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • National Wealth Fund commits £200m to UK battery storage push

      August 28, 2025
    • XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day

      August 28, 2025
    • West End retailers lose £310m from VAT-free shopping ban in first half of year

      August 28, 2025
    • Dollar slips as Trump moves to sack Fed governor Lisa Cook in unprecedented clash over central bank independence

      August 28, 2025
    • CDC Director Susan Monarez refuses to be fired as other officials call it quits

      August 28, 2025
    • Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

      August 28, 2025

    Categories

    • Business (8,901)
    • Investing (2,246)
    • Politics (16,503)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved