The creative industries are placed at the heart of London?s financial future in the Mayor of London?s new Economic Development Strategy, which lists a set of targets to improve the overall economic performance of the city. Encompassing areas as diverse as software design and opera, the creative industries are the fastest growing financial sector in the capital and the Strategy sets out a route for improving infrastructure and promoting the city more effectively internationally.
Launching the Strategy, Mayor Ken Livingstone called on all those engaged in the sector to continue working together to help secure London?s status as the world?s leading centre of creativity: ?This strategy shows how integral they [the creative industries] are to the capital?s economic future. Together the creative industries generate more new jobs than the financial services sector and currently employ over 600,000 people.? As well as the economic influence of the sector, the Strategy also highlights the importance of London?s reputation for culture and stresses the importance of attracting major cultural events to the city. The Strategy was produced by the London Development Agency (LDA), which last year launched Creative London, a range of initiatives designed to bolster the cultural sector.
Published: 31-01-2005