Project Wealth: unleashing the potential of creative industries for local economic development

Ranging from art, film, design, fashion, music, performing arts to software and video games, creative and cultural industries are estimated to be responsible for over 3% of the EU's gross domestic product and jobs (European Commission, Creative Europe). In spite of this contribution to economic development and employment, the cultural and creative sector is still poorly understood and many governments remain to be convinced of its potential (UNESCO, Understanding Creative Industries - Cultural statistics for public-policy making). 

Highlighting the significant role of creative industries as a driver for local economic development was the main objective of the fourth  partners’ convention of Project Wealth. Held at the end of October, the convention was dedicated to the exploration of creative industries in the region of Puglia (Italy), allowing policy makers, representatives of the civil society and researchers from the Negev (Israel), Algarve (Portugal) and Palestine to witness good practices, models and success stories.

"Through exchange of knowledge and study tours, we seek to reinforce cross-border networking and create opportunities for cooperation among Mediterranean territories in the creative industries sector", said Gili Baruch, project manager at Shatil organization. "With the contribution of all partners, we have drafted a list policy recommendations to unlock the potential of cultural and creative in local economic development processes". A joint effort between Israel, Palestine, Italy and Portugal, Project Wealth aims to introduce new approaches to socio-economic development focused on the well-being of local communities. 

Gili Baruch
Project manager - Shatil / +972 732.445.445 

Project Wealth: website and fact sheet

Report - Culture and Creativity as drivers for Local Sustainable Economic Development