Economic incentives and financial rewards of advanced education in creative fields, both within and beyond the creative sectors
The creative industries have been a driving force in the UK's economy, growing at a rate more than twice that of the total UK economy over the last 10 years. In 2018, the sector contributed £111.7bn to the UK GVA, accounting for 5.8% of total UK GVA.
A recent policy brief, published on 31st July 2020, by the Creative Industries Policy and Evidence Centre (PEC) and the University of Sussex, titled "Policy Insight: Graduate motivations", outlines recommendations for various sectors, including the Skills, Jobs and Education sector. The brief, authored by Martha Bloom, a Researcher at the Science Policy Research Unit (SPRU), University of Sussex, and Professor Hasan Bakhshi MBE, Director of Creative PEC, delves into the importance of creative higher education and its perceived value for money.
The policy brief highlights the multifaceted benefits of creative education, including cultural, social, and economic impacts. It stresses that government policies significantly influence creative higher education by affecting funding, access, and curriculum focus, which in turn impacts graduate motivations and perceived value for money.
Government cuts or limited funding to creative arts education risk reducing the quality and breadth of creative opportunities for students. Creative graduates often have diverse motivations beyond immediate financial returns, including personal fulfillment, societal contribution, and innovation. A narrow focus on economic outcomes in policy undermines the broader and long-term value of creative higher education.
Effective government policy should recognise the multifaceted benefits of creative education to ensure it is valued as good value for money. The brief also examines international trade in the UK creative industries and suggests that disruptions to the creative talent pipeline would likely damage the sustainability of the UK's fast-growing creative industries and other sectors which increasingly rely on creative work.
The UK television production sector is one of Britain's leading creative export sectors. However, recent government announcements suggest that university bailouts could be contingent on the dropping of 'low value' courses, potentially affecting creative education. This raises concerns about the future of the UK's creative industries and the talent pipeline that supports them.
The policy brief can be referenced as Bloom, M. and Bakhshi, H. (2020) Policy Insight: Graduate motivations. London: Creative Industries Policy and Evidence Centre and University of Sussex. The search results did not provide direct information on the impact of government policies on creative higher education and its value for money as discussed in the "Policy Insight: Graduate motivations" by Martha Bloom and Professor Hasan Bakhshi MBE at the University of Sussex.
The photo accompanying the brief was taken by Retha Ferguson. For further details or access to the actual text or official policy documents, please let us know.
- The creative industries, a significant contributor to the UK's GVA, have grown at a rate more than twice that of the total UK economy over the past 10 years.
- A policy brief, published by the Creative Industries Policy and Evidence Centre (PEC) and the University of Sussex, delved into the importance of creative higher education's value for money.
- The brief, titled "Policy Insight: Graduate motivations", authored by Martha Bloom and Professor Hasan Bakhshi MBE, emphasized the multifaceted benefits of creative education, including cultural, social, and economic impacts.
- Government policies significantly impact creative higher education by affecting funding, access, and curriculum focus, which in turn impacts graduate motivations and perceived value for money.
- Effective government policy should recognize the multifaceted benefits of creative education to ensure it is perceived as providing good value for money.
- Disruptions to the creative talent pipeline could damage the sustainability of the UK's fast-growing creative industries and other sectors that increasingly rely on creative work.
- The UK television production sector, one of Britain's leading creative export sectors, could potentially be affected by government announcements regarding university bailouts and the dropping of supposed 'low value' courses.
- The search results did not provide direct information on the impact of government policies on creative higher education and its value for money as discussed in the "Policy Insight: Graduate motivations".
- Government cuts or limited funding to creative arts education could reduce the quality and breadth of creative opportunities for students, impacting their motivations beyond immediate financial returns, such as personal fulfillment, societal contribution, and innovation.
- A narrow focus on economic outcomes in policy undermines the broader and long-term value of creative higher education, education-and-self-development, and the UK's overall learning and culture sectors.
- The policy brief, "Policy Insight: Graduate motivations", can be referenced for further details, analysis, or internationalisation of the conversation around the importance of creative higher education in the political landscape, policy-and-legislation, general-news, and other related fields.
