Festivals windfall for economy
Published 16/06/2015 | 00:06
An influx of foreign music fans visiting the UK for gigs and festivals helped boost the economy to the tune of more than £3 billion last year, according to a new report.
Researchers found a 39% rise over the last four years in the number of overseas tourists travelling to the UK for music with more than half a million visiting the UK last year.
The report, by music industry body UK Music, said foreign visitors spent an average of £751 while they were here and helped sustain almost 40,000 full time jobs generating a total of £3.1 billion.
Culture Secretary John Whittingdale said the report was "fantastic news" but "no surprise ".
He said: " British music is legendary around the world and continues to go from strength to strength, with UK artists now accounting for one in seven albums sold worldwide.
"Festivals like Glastonbury hold an iconic status on the world music scene and are one of the reasons why international tourism is booming in the UK, drawing in streams of visitors to all parts of the country. We know our UK creative industries contribute an astonishing £76.9 billion to the UK economy but this report confirms they are truly world-class and a powerful advert for the UK."
UK Music is made up of industry groups representing everyone including musicians, songwriters, record labels and studio producers.