Britain's Department for Culture, Media and Sport will see through its vision to establish a "world-class" annual conference for the creative industries, with an inaugural World Creative Business Conference in 2009.

The DCMS has enlisted the services of PR firm Edelman and events management group Acclaim to oversee the creation of the annual conference, which is expected to gather around 500 participants from the creative community. The contract runs from May 2008 until November 2009.

"This conference represents a unique opportunity to showcase the creative and commercial edge of the U.K.," comments Britain's culture secretary Andy Burnham, in a statement issued today. He adds, "It will not only help build on the success of Britain's creative economy but fulfil our ambition to become the world's creative hub."

The initiative is one of 26 commitments pledged in the strategy paper "Creative Britain: New Talents for the New Economy", published in February.