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Advertising: Economic Situation

Volume 486: debated on Thursday 22 January 2009

To ask the Secretary of State for Culture, Media and Sport what steps his Department is taking to support the advertising industry; and if he will make a statement. (249810)

The Government are committed to supporting the creative industries, including the advertising industry. Last year this Department launched Creative Britain, a strategy setting out in 26 commitments the Government's determination to move the creative industries from the margins to the mainstream of the UK economy. The commitments cover education and training, research and innovation and intellectual property.

The Government also provide targeted support to help companies start, survive and succeed. This is available to all businesses, including those in the advertising sector, via Business Link

On 14 January the Government launched a support package which consists of loan guarantees and a new Enterprise Fund aimed at helping companies struggling to access finance for working capital and investment.