Adobe has announced a £63.5m investment in its UK operations with commitment to grow its workforce by over 20 per cent over the next three years.
Newly released figures from the Department for Digital, Culture, Media and Sport (DCMS) show the value of the creative industries to the UK is up from £94.8bn in 2016 to £101.5bn, and has grown at nearly twice the rate of the economy since 2010.
The investment from Adobe will benefit the number of creatives, small businesses and enterprises in the UK who currently use the company’s software, accelerating innovation and driving economic growth.
The company has grown its workforce in the UK by 30 per cent in last two years and has offices in Shoreditch, Maidenhead and Edinburgh.
The investment was announced at a Creative Sector Roundtable held last week at 10 Downing Street, bringing together global industry leaders. Secretary of State for Digital, Culture, Media and Sport, Jeremy Wright said:
“The UK is home to world-leading creative and digital industries and our latest statistics show these booming sectors are now worth more than £230bn to the economy. We are already Europe's leading tech hub, with the talent, environment and entrepreneurship that businesses want, so it is great to see Adobe creating even more high-skilled jobs and investing here. Through our modern Industrial Strategy we are committed to making Britain the best place in the world to do business."
For Adobe, Gavin Mee, vice president for Northern Europe and UK MD, said:
“Adobe is the global leader in creativity, providing the creative platform for all, and the UK is a critical market for our business growth and innovation.
"Recently, we’ve grown our workforce, opened a new office in Shoreditch, and we are committed to furthering our investment in the UK and the impact it will drive across the economy.”