Contractors in creative industries receive positive news from Chancellor
In his Comprehensive Spending Review, Mr Osborne specifically mentioned the creative sector, stating that, “All of the trials and investment in super-fast broadband will help encourage the growth of our creative industries as a key part of the new economy we are seeking to build.”
Mr Osborne’s singling out of the creative industry was reassuringly positive because, although supporting details are scant, it was to confirm its leading role in the recovery. Intellect, parent of the Broadband Stakeholder Group, also commented, “A modern broadband network will indeed encourage innovation, stimulate job creation and deliver a better balanced and more resilient economy.”
In terms of the likely returns, spending £5 million on UK broadband has been estimated by the London School of Economics to create 280,000 new jobs, 70,000 of which would be in non-digital sectors. Either way, for both creative and non-creative contractors alike – the development of faster and more resilient Broadband services can only be a positive, to support the UK’s expanding ‘remote working’ culture.