“This must have an effect on how Sidmouth can maximise its economy and working from home.”
Today’s Daily Mail looks at how the economy is likely to fare – with some surprising findings:
‘People often forget that the UK’s largest economic sector is digital and creative,’ said Douglas McWilliams, deputy chairman of the CEBR. ‘We have a huge competitive advantage in this tech-based sector which the pandemic has kicked forward.’ …
Britain’s world-beating financial services sector is effectively left to sink or swim under the terms of the new UK-EU trade agreement.
As pointed out by a correspondent, it seems, then, that the creative industries are more important to the UK than finance – and government figures (although only from 2018) bear this out.
In total, the Department for Digital Culture Media and Sport (DCMS) sectors (excluding tourism) contributed £224.1 billion to the UK in 2018, accounting for 11.7 per cent of the economy as a whole. Headline figures for additional DCMS sectors include:
The Creative Industries contributed £111.7bn to the UK economy in 2018 – up 7.4 per cent from the previous year, meaning growth in the sector is more than five times larger than growth across the economy as a whole.
The Cultural Sector contributed £32.3bn to the UK economy in 2018 – up 2.7 per cent from the previous year.
Whereas in 2018, the financial services sector contributed £132 billion to the UK economy, 6.9% of total economic output. The sector was largest in London, where 49% of the sector’s output was generated:
As our correspondent suggests, “this must have an effect on how Sidmouth can maximise its economy and working from home.”
Indeed, the local economy depends on the creative industries – the most recent example showcased here, involving local talent who also work nationally:
But of course, Sidmouth has its festivals:
WFH is very much coming to the Sid Valley:
Although you don’t actually have to WFH, as, just off Sidmouth’s High Street, there’s a place where you can “banish the isolation of working from home, and the distractions it offers – and connect with others”:
New work hub to open in Sidmouth | Sidmouth Herald (updated last month)
Finally, here’s a planned “new covid safe creative space for wellbeing”:
Thanks to nearly £10,000 of funding from The National Lottery Community Fund, Sidmouth Coastal Community Hub plan to make the shed a cosy, welcoming and accessible place to create art and connect with their town’s heritage.
The Fishermen’s Shed Space is being repurposed with integrity and a warm heart, a sense of connection to the coastal environment and fishing heritage; nurturing opportunities to be creative, curious, share stories and traditions and connect with others.
In the space local creative facilitators with community members will explore ideas and experiences through art, digital and creative skills workshops.