The UK Government's decision to rejoin a European Union research programme will help drive growth in the creative industries by providing access to grant funding opportunities, Creative UK has said.
Prime Minister Rishi Sunak has confirmed that from this week British researchers can apply once again for grants from the £85bn Horizon programme.
In total the UK will contribute about £2.6bn on average a year to Horizon and Copernicus, an Earth observation satellite programme, with the UK’s contributions due to start from January.
Creative UK Chief Executive Caroline Norbury said the Horizon deal has “transformative potential” to increase investment in the creative industries for start-ups and innovation.
"Cross border collaboration through research and development is crucial to fuelling the power of creativity to drive innovation, and access to the Horizon Europe programme promises to turbo charge this potential," she said.
"In unlocking access to Horizon Europe funds, the UK’s creative sector will now be able to benefit from €170m made available by the new European Knowledge and Innovation Community, which Creative UK co-founded.
"This initial investment seeks to increase the innovation capacity and competitiveness of Europe’s Cultural and Creative Industries, and is expected to leverage a further €700m for start-ups and innovation.
“The transformative potential of investments such as these are precisely why Creative UK is working tirelessly to ensure the UK’s cultural sector and creative industries continues to play a leading role in global collaboration.
"As Horizon Europe opens its doors to the UK once more, we will be equally determined in ensuring our creative economy makes the very best of the opportunity today’s agreement represents.”