Findings from @CreativePEC show that reducing #CreativeHE would have severe consequences for the #CreativeIndustries and the whole economy. Thread on why:

Creative grads make up only 17% of grad pop but 47% of grad pop in CIs. 82% of those working in design, 78% in music, performing and visual arts and 75% in architecture have a creative degree

A reduction in the number of students taking creative subjects at HE would severely damage the creative talent pipeline and risks CIs’ sustainability long term

All grads earn more inside the creative industries than outside them, so potential #Augar enactment that would impact the viability of the sector is likely to have a net negative effect on grad salaries, despite creative grads earning less than other groups

Also need to consider other treasury revenues - CIs contribute £111.7bn to UK economy, representing 5.8% of total UK GVA, so creative grads are significantly contributing through sales and corporation taxes in ways which are invisible in simple earnings data

Other research from @CreativePEC shows jobs in CIs are predicted to substantially grow in the next 4 years. And across the economy, creative skills are in highest demand in areas which are predicted to grow most significantly in the future

This demonstrates that when looking at the economic value of creative HE, focusing on grad earnings alone misses the bigger picture and many of the ways in which creative grads provide economic value now and are projected to increasingly do so in the future