£2.5m boost for Wales’ creative industries announced
The Welsh Government has announced an additional £2.5 million to support the creative industries in Wales.
The funding will provide fresh investment in the film and television sector, while also supporting the publishing industry as it continues to face economic challenges and seeks to boost revenue generation.
More than 3,500 businesses currently operate in the creative sectors supported by Creative Wales, employing over 35,000 people. The latest statistics show the sector generated an annual turnover of £1.5 billion in 2023, marking a rise of more than 10 per cent on the previous year.
This announcement follows a £2 million investment earlier this year in Cardiff-based production company Bad Wolf to deliver two new high-end television series, expected to generate around £30 million for the Welsh economy.
Since the launch of Creative Wales, the Welsh Government has invested £33.8 million across 70 film, TV, and media projects, generating more than £419 million for Wales’ economy.
Wales’ creative industries were recently highlighted at the Wales Investment Summit and at the British-Irish Council Summit, where ‘Creative’ was the central theme.
Minister for Culture Jack Sargeant said: “The creative industries are a real success story for Wales, and we’re hugely proud of the talent that exists across the sector. Whether it’s actors, storytellers, musicians, animators or games developers, our creative industries consistently put our nation on the global stage.
“Not only is the industry an important economic driver for Wales, but we are fostering and upskilling the next generation of creatives by incentivising training and apprenticeship opportunities for our young people, ensuring Wales continues to be a place to enjoy a successful, sustainable career.
“We are committed to investing in this part of the sector and to nurturing talent, supporting creative businesses and encouraging the creation of high-quality content that stands tall among other countries.”
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