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Crucial considerations The government must take into account the following when considering the funding implications of the withdrawal from the EU: 1. Sustained public investment in the arts underpins the wider creative industries 2. EU funding has supported a wide range of commercial, creative and infrastructure projects and loss of access will have serious consequences in every nation and region of the UK. EU funds, including Creative Europe, Europe for Citizens, Horizon 2020, European Regional Development Fund (ERDF), European Social Fund (ESF) and the European Cultural Foundation, have played an often critical role in facilitating the following: a. Infrastructure: Funding has helped develop major cultural venues, which occupy a pivotal place in their local creative economy, as well as broadband services b. Local financing and business support: The vast majority of creative companies are microbusinesses and SMEs operating on tight budgets: EU funds have helped develop the networks, premises and financial resources required to join up the sector in different regions and promote mutual growth c. Innovation, research and development: The creative industries depend on the creation and sale of original IP, increasingly across high-tech digital platforms. EU funding has provided businesses with the resources to do this d. Exports: EU funds focus on developing international partnerships. This has grown effective distribution networks for UK creative companies e. Encouraging diversity: Creative companies are able to work with a greater mix of professionals and students through EU initiatives. The diversity this brings to companies increases understanding of international markets and delivers economic returns f. Cultural exchange: UK consumers benefit from a wider range of cultural products due to the partnerships EU funding encourages, including minority language productions g. In addition, the European Capital of Culture programme has helped develop the UK’s creative economy, with success stories including Glasgow in 1980 and Liverpool in 2008. The potential economic benefits of the UK’s next scheduled round in 2023 are considerable

Brexit Report

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Creative Industries Federation: Brexit report  
Creative Industries Federation: Brexit report