UK Music have called for urgent support to help revive “our world-leading music industry” following the “catastrophic blow” the coronavirus pandemic has dealt the sector in 2020.
The organisation, who represent the collective interests of the country’s music industry, made the plea as they published their annual Music By Numbers report today (November 18), which reveals the economic contribution of the UK music business to the British economy.
The official figures in the report cover the 12 months up to December 31, 2019, so they do not reflect the huge impact that the health crisis has had on the music industry in 2020.
The report states that the UK music industry contributed £5.8 billion to the UK economy in 2019 (up 11% from £5.2 billion in 2018) and that employment in the industry hit an all-time high of 197,168 — an increase of 3% from 190,935 in 2018.
The total export revenue of the music industry in 2019 was £2.9 billion – up 9% from £2.7 billion in 2018 — while it also notes that music tourism alone contributed £4.7 billion in terms of spending.
British artists such as Dua Lipa, Stormzy, Ed Sheeran, George Ezra, Lewis Capaldi, Mabel and Dave are among the names credited with helping the growth of the UK’s music industry in 2019.
The music industry has undoubtedly been hit hard, through the loss of live shows, events, and the coveted summer festival season. Will UK music bounce back into 2021, or still feel the repercussions of the tumultuous year it has had to navigate.
Reported By: Jessica Rowe