With proper backing, cultural and creative industries can also provide a significant contribution to the economy, Finance Minister Tonio Fenech said on Wednesday.
Mr Fenech was speaking at the launch of a consultation process as part of the Creative Economy Project, an initiative originally announced in the 2010 Budget speech.
In line with the Budget, a working group was set up to help draft the regulatory and fiscal organisational framework to promote a creative economy.
The creative industries include a wide variety of activities, including, among others, fireworks manufacture and software design. The working group classifies creative industries under 4 headings: heritage, the arts, the media and creative business services, although they are nevertheless related to and dependent on each other. A group of experts for each heading is to be set up, and each group will hold a number of consultation meetings to develop a strategy for creative and cultural industries.
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