Universal Music Group International chairman and CEO Lucian Grainge has been appointed to the panel of business leaders at the U.K. government's Creativity & Business International Network in Oct. 2009.

The international creative business conference has been developed in an effort to ensure the future success of the U.K.'s creative industries. It has been branded as "C&binet" and will be held at The Grove in Hertfordshire on Oct. 26-26 next year.

Grainge is part of an international panel, whose members will act as ambassadors to ensure that the event addresses the right issues for the creative industries. The panel will meet in Liverpool next month to discuss the agenda. Other members confirmed so far include computer games developer Lionhead Studios' managing director Peter Molyneux.

"Britain has always been the natural home of the creative industries and we aim to cement that by establishing this prestigious international conference, which in time we hope will be the Davos [World Economic Forum] for creative businesses," said culture secretary Andy Burnham in a statement.

He added that “while the last decade has seen the U.K.'s creative industries grow at twice the rate of the wider economy, there are real pressures both from international competitors and wider economic conditions.”

The U.K. government says creative industries generate £60 billion ($97.4 billion) a year.

The Department for Culture Media and Sport (DCMS) is the founding funder of C&binet, which is being managed as a not-for-profit initiative.