Overview

• Culture Secretary Lisa Nandy unveiled the £380 million package to support film, gaming, music and research into new technologies
• The fund breaks down as £25 million for cutting-edge technology research, £75 million for the film sector and £30 million each for start-up video game firms and the music industry
• Six regional mayors will share £150 million to back creative businesses in Manchester, Liverpool, the West Midlands, West Yorkshire, the North East and the West of England
• The investment aims to lift private sector funding from £17 billion to £31 billion by 2035 and create thousands of high-quality jobs
• The announcement precedes publication of a 10-year, multibillion-pound industrial strategy designed to underpin UK economic growth