The music industry is one the UK’s biggest and most culturally significant creative industries and a big player in the national economy – contributing nearly £5bn annually (of which £1.3bn comes from exports earnings), and employing some 130,000 people.
The UK is also the third largest market in the world for sales of music and is second only to the USA as a source of repertoire. This success has been founded on the extraordinary supply and diversity of talent the UK has produced over the last 40 years.
The industry’s component parts – including artists, composers, producers, managers, music publishers, concert promoters and agents, record companies, online music entrepreneurs - interact to produce a dynamic, vibrant and ever changing industry.
Source: Department for Culture, Media and Sport (DCMS) www.culture.gov.uk