The creative economy as national strategy

In the first installment of this series on October 23, the creative sector’s extensive submissions were contrasted with the minimal attention it received in Parliament. The initial article laid the groundwork for a multi-billion-dollar creative industries sector. This concluding piece outlines the essential projects and interventions for the 2025/26 budget to fully unleash Trinidad and Tobago’s creative economy potential.

**1. Regularising Panyards: Unlocking Hidden Wealth**
One of the most transformative proposals is the regularisation of land tenure for panyards. Currently, 65-75% of panyards are on state lands. Legalising their tenure would cost the state virtually nothing but could transfer hundreds of millions in real estate wealth to grassroots creatives and working-class communities. A cabinet note already exists, outlining management training programmes and the creation of a trust company to guide this historic process.

**2. Heritage: The Sleeping Giant**
Trinidad and Tobago’s heritage sector remains an untapped source of foreign exchange, capable of earning $2 billion annually if developed to international standards. With the Prime Minister now overseeing heritage, there is a critical opportunity for partnership in modernising and monetising this field. The 2025/26 budget should prioritise listing at least 50 new heritage sites under the National Trust and launching 12 flagship, income-generating destinations.

**3. East Port of Spain (PoS): From Crime to Creativity**
The East PoS Growth Pole and Heritage City project, championed by the East PoS Council of Community Organisations, must be implemented. This initiative is not just about community rehabilitation; it’s a model for crime reduction through creative entrepreneurship. Projects include the Observatory Street heritage and artisan guild district, a Carnival factory, and the international museum of TT Music at George and Nelson streets.

**4. Preserving National Collections**
Trinidad and Tobago urgently needs a heritage warehouse to safeguard endangered national artefacts. Such a facility would allow proper curation and conservation while generating tourism income. With over 300,000 potential visitors annually, it could earn up to $60 million each year. Without this intervention, priceless heritage material valued at over $1 billion will deteriorate within the next five years.

**5. Music and the Return of Caribbean Sound Basin**
The reopening of the legendary Caribbean Sound Basin in Maraval could once again position Trinidad and Tobago at the heart of the global music industry. Once ranked among the world’s top studios, it launched the Kiskadee Karavan and can catalyse a new era of local music production and export. Alternatively, the proposed national studio hub, developed in partnership with Grammy-winning TT engineer Dexter Simmons, would create a modern ecosystem for recording, training, and networking with global markets.

**6. Protecting and Monetising Intellectual Property**
A comprehensive campaign is needed to copyright and trademark local creative works, books, music, films, games, and more, so that they can be licensed and monetised internationally. Establishing a national licensing company dedicated to managing and marketing TT’s intellectual property globally would connect local creators with major licensing firms and open new revenue streams for generations of artists.

**7. Reintroducing Tech-Voc and Arts Magnet Schools**
The government must reintroduce tech-vocational training in secondary schools and establish magnet schools for the arts, technical skills, and computer science. These institutions should be professionally managed and feature immersive creative curricula. Tech-voc education is a proven driver of sustainable employment and youth rehabilitation, while also providing critical skills to support the manufacturing, petrochemical, and repair sectors.

**8. A Bold Cultural Pivot: The Prime Minister’s Residence as a National Gallery**
The boldest proposal is to transform the Prime Minister’s official residence and diplomatic centre into a new national art gallery. This move could place Trinidad and Tobago on the global cultural map, attracting international artists, collectors, and investors. It would symbolise a radical redefinition of leadership and national priorities, positioning culture at the centre of development.

The time has come for a more sophisticated approach to industrial development, one that recognises the creative industries as serious economic drivers. The projects proposed for the 2025/26 budget are strategic investments in foreign exchange generation, employment, and global positioning. At this moment of global socio-economic instability, Trinidad and Tobago must innovate to empower its citizens, diversify its economy, and expand its presence on the world stage. The creative sector stands ready to lead that charge, if only the nation’s leadership will give it the space, structure, and vision to do so.