A further £2.5 million in Welsh Government funding has been announced for the creative industries in Wales.
The funding will provide an injection of additional investment into the film and TV sector. The publishing sector will also receive support to respond to continuing challenges and support revenue generation.
More than 3,500 businesses currently operate in the creative sectors supported by Creative Wales, employing more than 35,000 people. Latest statistics show the sector generated an annual turnover of £1.5 billion in 2023, an increase of more than 10% on the previous year.
This latest funding follows £2 million of further investment by the Welsh Government to Bad Wolf to produce two new high end TV productions which will result in £30 million spend in the Welsh economy.
It takes the Welsh Government’s production investment to £33.8 million across 70 projects since the launch of Creative Wales, generating £419.7 million for Wales’ economy.
Wales’ creative industries were spotlighted at the hugely successful Wales Investment Summit. Building on this ‘Creative’ was the theme of the British-Irish Council Summit held on Friday.
For further information please select the following link: Extra £2.5m for creative sector in Wales | GOV.WALES.