Home > Research > Publications & Outputs > Business as Unusual

Electronic data

  • 183_ADIM2019_CMPatha

    Accepted author manuscript, 3 MB, PDF-document

    Available under license: CC BY-NC-SA: Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

View graph of relations

Business as Unusual: Creative industries, international trade and Brexit

Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSNConference contribution/Paper

Published
Publication date19/06/2019
Host publicationProceedings of the Academy for Design Innovation Management Conference 2019
Place of PublicationLondon
PublisherAcademy for Design Innovation Management
Original languageEnglish

Abstract

UK government statistics maintain that only 18 per cent of creative industries firms engage in international trade. The UK’s Industrial Strategy: Creative Industries Sector Deal aims to increase UK creative industry exports by 50% within 5 years, arguing there is a “great deal of untapped potential in the sector.” It also identifies small company size as a barrier to creative industry exports. Our research, however, challenges these assumptions. At least one creative industries hub is already deeply entwined in global trade. In Liverpool’s creative and digital hub Baltic Creative, 69 per cent of tenants export. Furthermore, these exporters are highly dependent on their overseas income. Over one-third of exporters earn more than 50 per cent of their annual income from exports. Our research also finds that small company size was not a deterrent to international trade. Rather company owners report concerns about access to global markets after Brexit, which had already resulted in significant financial losses for some. Our study reveals that even the smallest micro-enterprises are exporting not by way of strained or concerted efforts, but simply because they are operating in an open, digital, global environment where international trade is integral to their business.