UK Music Shows Signs Of Post-Pandemic Recovery

01 Oct 2022  |  AdRankOne  |  BlastFM Limited  |   0
According to a new report the sector’s contribution to the economy increased by 26 per cent to £4 billion last year.
The pandemic had a huge impact on most industries, including the music sector, but there is good news for the future of British music, as it is beginning to show signs of recovery.

According to a new report by UK Music, which represents the whole industry in Britain, the sector’s contribution to the economy increased by 26 per cent to £4 billion last year.

The This Is Music 2022 report showed employment in the industry rose by 14 per cent from 2020 to 2021, with there being 145,000 jobs last year.

In addition to this, exports in the sector in 2021 grew by ten per cent from £2.3 billion to £2.5 billion.

Chief executive of UK Music Jamie Njoku-Goodwin said: “The UK music industry is working hard to recover after the catastrophic impact of Covid, but there is still some way to go to restore the jobs and growth lost during the pandemic.”

He urged the government to support the industry, as it still “faces a serious threat from the economic storm that could blow our fragile recovery off course”.

Indeed, while improvements have been made over the last year, levels are still lower than they were before 2020.

Last year, UK Music revealed more than *a third of jobs in the British music industry were lost during the pandemic, as a result of live performances being cancelled, affecting musicians and production staff.

The importance of supporting the industry has been noted by culture secretary Michelle Donelan, who said: “Music is such a powerful force for good.”

Keep up to date with the latest music news at *Blast FM.



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