03/11/2024 | Press release | Distributed by Public on 03/11/2024 02:31
The Publishers Association has today released new research showing that the UK's publishing sector is worth an extraordinary £11 billion overall to the economy, and is the global leader in book exports- a phenomenal cultural achievement for the UK.
The research, conducted by public policy consultancy Public First, shows that publishing has the potential to contribute even more to the UK's future success. The report predicts that, with the right backing from government, publishing can contribute an addition £5.6 billion to the UK economy by 2033, and support a further 43,000 jobs.
International demand for UK publishing is set to grow by a further 20% in the next decade, proving its global potential.
Key stats:
Dan Conway, CEO of the Publishers Association said: "The publishing sector is a true success story for the UK, driving economic growth, highly skilled creative jobs, and leading in worldwide publishing exports that contribute to Britain's cultural and academic standing abroad. Publishers act as the heartbeat of our leading creative industries, through the incredible stories they bring to screen, stage, and games, and they also underpin the UK as global base for R&D.
As a country, we should be immensely proud of what the sector has achieved- but we must not take it for granted. With an election on the horizon later this year, we ask politicians on all sides to recognise the publishing industry's economic value to the UK, announced today on the eve of London Book Fair, but also its huge cultural and academic importance in inspiring the next generation of readers, learners and leaders. We must ensure we work together to unlock the next chapter of this success story and grow UK publishing's economic and social contribution for the UK."
The research is part of a wider report, titled "Vision for Publishing: The role of publishing in the UK's success", which lays out ten the key priorities the Publishers Association is asking the government to consider. These include commitments to;
To see full report, please use this link.