The Creative Industries Federation has called for the UK government to include the creative arts sector within its industrial strategy to a greater degree.
The BBC reported that the Federation has advised the government to "overhaul" its approach to business and consider the contribution of theatre, music, video games, fashion, and museums to the British economy.
Incentives such as enterprise zones, tax concessions, and better finance accessibility have been proposed.
The report also outlined that employment in the creative industries sector rose by 5.1% from 2014 to 2015 to 2.9 million workers.
"There has been a tendency to dismiss the creative industries as something lightweight while claiming the glory of billions of pounds in trade that comes from hits such as War Horse, Sherlock and Slumdog Millionaire", said John Kampfner, chief executive of the federation.
Kampfner also advised the government to understand that the creative industries sector is as important as traditional industries like "cars or oil and gas" to the UK's future economic success.
"Our blueprint presents an ambitious vision combined with practical ideas, not just for increasing growth in the creative industries, but also for delivering growth and success for the wider economy and country."
The sector's significance was recently recognised in the industrial strategy Green Paper released by the government in January. The paper was intended to provide recommendations on how to build a modern industrial strategy for post-Brexit Britain.
The report acknowledged that the UK creative industries sector has amassed a global reputation and there are potential untapped opportunities to exploit. The report said that the sector experienced significant growth in recent years.
Renowned television producer Sir Peter Bazalgette has been appointed to conduct a review into the creative business sector in order to identify further growth opportunities. Bazalgette has been responsible for the production of popular shows like Big Brother and Deal Or No Deal.