According to data compiled by UK insurance broker Swinton Business in its Industry Trends Report, the UK television programming and broadcasting sector has grown by 82 per cent in less than a decade. Significant diversification powered by the private sector has resulted in the UK becoming the second biggest TV exporter in the world.
The total number of UK registered businesses grew by nearly half a million in this same time period according to recent findings in the Swinton Insurance Business Trends Report.
The UK broadcasting industry has overcome many challenges in this period and grown by 82 per cent to become the second largest TV exporter in the world, after the US. Diversification and investment in the private sector have seen the broadcasting industry grow, according to figures analysed by Swinton Business.
Despite threats from American providers such as Netflix and Amazon, the UK broadcasting industry has continued to flourish with new smaller broadcasting providers emerging due to the switch to digital TV, says Swinton.
“Over recent years, the UK economy has faced significant challenges and uncertainty, so it is heartening to see that the nation’s entrepreneurial spirit still appears to be so strong,” noted Richard Beaven, distribution director at Swinton Business. “Our business trends report explores how start-up businesses make a significant contribution to the economy and have the potential to help drive future growth. The UK broadcast industry has overcome many challenges and grown stronger with developments such as on-demand platforms transforming the way we consume media.”