This last week at Baltic Creative, exchange made possible by p2p program of the EU Hubs Network, we have been working with real data: numbers about the business and their projection for a near future. All seems good news.
Around 160 businesses form part of Baltic Creative today. Among these 160, we can find freelancers and medium sized companies from a variety range in the Digital and Creative Industries (Crafts, Design, Digital and Technological, Video and Film, Music, Publishing, Advertising…). Nationally the Creative and Digital sector is having positive effect in the UK, Liverpool is not unaware of it, living its renaissance with this bloom. A whole ecosystem is needed for the transformation: universities, accelerators, workspaces, networks…. Baltic Creative among others have the credit.
Today Baltic Creative has 350 persons working full time and part time in its spaces plus an uncertain number of freelancers project work basis. But the best part of it, it is the projection that the business managers make for next year; their expectations for the year to come are to grow 16%, not bad at all. Besides, it is not only employment, turnover for business established around Baltic Creative means 16.991K pounds this year, contribution to the whole Liverpool’s economy, and the expectations for next year are around 22.550K pounds, a 32% more. Anyway, if next year, it is demonstrated that their calculations are or are not accurate, it is not the main issue. The most remarkable point about it, it is the ambition and the optimism that the Baltic entrepreneurs show off. Little by little, companies are starting to grow and the predictions are that companies will grow in number of employees, moving from freelancing to SMEs.
More than half of the companies state that they are trading abroad. This is an important fact; companies have the skills and competences to work in a high competent global market. Maybe, that is the chance for Baltic Creative to give companies the support they need for keeping this reality much further. Another, important data is how they relate with other industries, creative and digital sectors are cross sectorial and offer services to other industries, in Baltics are mainly Leisure and Tourism, Education and Retailing, but also Health Care and Construction.
Strength collaboration among companies is another of the main issues in a Hub. 75% of companies at Baltic say they collaborate with each other: sharing offices, being suppliers/consumers, introducing to new clients, sharing equipment, joint venture…. This proves the results of collaborative economy.
All this data just reflects some positive effects and impacts that a hub can have in a concrete local industry:
- Consolidation of a sector
- Business growth
- Talent development
- Talent retention
- Informal education and engagement
- City, region and international networks for exchange and development