London’s creative economy generates £52 billion per year and provides 1 in 6 jobs, delivering important social and economic impact for Londoners. For example, investment in my creative industries portfolio in 2018/19 generated trade income of nearly £700m. Since 2016, I have supported over 11 million visits to cultural events and activities, ensuring Londoners from all backgrounds have access to culture.
The Culture and Creative Industries Unit budget for the financial year 2019/2020 is £9.8 million (excluding the Museum of London). I have also allocated £12.1 million to the Museum of London for 2019/2020, this includes the annual grant under the Museum of London Act and a contribution of £4 million towards investment in the New Museum of London.