Government-funded Study Unveils Unparalleled Understanding of Factors Fueling Advancement in Creative Sectors
Gear Up for a Revolution in the Creative Industries with the Creative Business Panel (CBP)!
Are you ready to turn on the heat in the creative industries with an innovative research panel that's about to transform the game? Say hello to the Creative Business Panel (CBP)—the game-changer that's gaining momentum this week! This groundbreaking initiative, masterminded by the Creative Industries Policy and Evidence Centre (Creative PEC) and CoSTAR Foresight Lab, stands to provide an unrivaled examination of the creative sector, opening up a world of insight for businesses and the government alike.
The Creative Business Panel is no goody two-shoes; it's here to stay until 2028, surveying businesses across creative sub-sectors, of all sizes, and in every corner of the UK. And get this, it's the first time such broad and detailed evidence will be gathered and stored in one place, giving you the juiciest morsels of information you need to succeed in the industry and support business growth.
Minister for Services, Small Business and Exports, Gareth Thomas gets to the point—"We're dead serious about fostering innovation in the creative industries. Our upcoming Industrial Strategy will invest more into the sector, boost exports, kickstart economic growth, and support our Plan for Change, all thanks to this vital research."
Professor Hasan Bakhshi, Creative PEC Director and a member of the Government's Creative Industries Taskforce, adds, "The art world has come into its own in UK policy, but we're lagging behind when it comes to data to support evidence-based policy development. The Creative Business Panel will bridge that gap, collecting data on business behaviors and performance consistently and on an unprecedented scale."
Professor Jonny Freeman, CoSTAR Foresight Lab Director, chimes in, "The sweet intel we gather from the Creative Business Panel will be a cornerstone in our mission to chart the future of Games, Film, TV, Performance, and Digital Entertainment. It'll help us get to know the impact of new technology on the creative sector and enable us to guide our way forward."
AHRC Executive Chair, Professor Christopher Smith, articulates, "Our creative industries have been an unparalleled success story for years, but to make sure we keep shining, we need evidence to inform policy development and technology adoption. AHRC is thrilled to support research-driven policy and evidence for the creative industries."
So what's on the menu for the Creative Business Panel? The panel will dive deep into the adoption, use, and effects of emerging technologies while supporting businesses to embrace digital innovations that can fuel their competitiveness, diversity, inclusion, profitability, and sustainability. The panel will also provide cutting-edge insights into how businesses address concerns like investment, hiring, sustainability, diversity, and technology use.
The clock is ticking! Data collection for the first wave launches in March 2025, with select businesses invited to participate through independent research agency Verian. Rest assured, the entire spectrum of creative sub-sectors will be represented through random sampling using the official Inter-Departmental Business Register. The first wave report will land later in the year.
You can get your hands on more deets by checking out the CBP Webpage. Stay tuned, creative minds! Because with the Creative Business Panel, it's all about unveiling the secrets to success in the creative industries. Are you ready to ride the wave?
Creative PEC - Your go-to for independent research and policy recommendations for the UK's creative industries.
- The Creative Business Panel (CBP), a groundbreaking initiative, aims to transform the creative industries with its innovative research.
- The CBP, which runs until 2028, will survey businesses across various creative sub-sectors and sizes, capturing a broad spectrum of data.
- This data-driven research is a significant investment in the creative industries, expected to drive innovation, boost exports, and support economic growth.
- The CBP will provide valuable insights into the impact of emerging technologies on the creative sector and guide businesses towards digital innovations.
- The panel will focus on issues like investment, hiring, sustainability, diversity, and technology use, offering cutting-edge insights.
- From adopting and utilizing new technologies to fostering competitiveness, diversity, inclusion, profitability, and sustainability, the CBP will support businesses in diverse creative industries.
- The Creative PEC, with its independent research and policy recommendations, fosters evidence-based policy development and technology adoption in the UK's creative industries.
