Industry marks steady growth - PLASA research
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This puts the industry’s value at £1.36bn in 2018/19, up from £1.30bn in 2017/18. The sectors with the largest growth include architecture, broadcast and corporate events, which are valued at £250m, £220m and £160m respectively.
Only a third of the businesses surveyed expect the industry to grow in 2019/20 however, the main concern being how and when the UK will exit the European Union.
The full report, which follows on from PLASA’s comprehensive industry research released in 2018, details sector by sector performance, investment in marketing and R&D, and the future outlook for the industry.
“We are delighted to offer this important resource,” comments PLASA managing director, Peter Heath. “It provides vital insight for business planning, budgeting and benchmarking performance - I encourage all businesses to download the full report.”
He adds: “Whilst it’s great to see that the industry has performed so well over the last year, we are clearly looking towards a period of uncertainty as Brexit looms over the sector. PLASA will continue to support our members to the fullest extent that we can.”
The 2019 PLASA industry research report is available to download free of charge to PLASA members or £500+VAT for non-members. For more information, visit www.plasa.org/industry-research.
(Jim Evans)
