The British creative industries risk slipping behind their competitors due to a lack of effective policies and regulations, peers have warned. The Creative Industries Federation, representing over 2,000 UK businesses and organisations, argued that the government needs to take urgent action to ensure that Britain remains a leading force in the sector.
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The report outlined several areas where policy and regulation could be improved, including strengthening copyright laws, increasing access to public and private funding schemes for small companies, tackling discriminatory practices in supply chains, developing innovation tax incentives, and improving broadband access. The federation also called for increased investment in skills development, emphasising technical training such as coding.
Peers fear that without these improvements, the UK will fall behind other countries who are making significant investments in their creative industries. The federation believes that with the right policies and regulations, Britain can remain at the forefront of the industry – boosting jobs, growth and tourism.
The report highlights the importance of a modernised policy framework to ensure that the UK’s creative sector remains competitive on the global stage. It is essential that the government listens to these warnings and takes action now to protect Britain’s lead in one of its most important export areas.
It appears clear then that unless we act quickly with modernised policies and regulations, Britain’s creative sector could be left behind as competitors invest heavily in their industries. For this not to happen, the government must take urgent action to ensure that Britain continues to be a world leader in this important sector.
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