One gets the impression that more people want to write fiction than
read it. A very small percentage of all the novels published in the UK
each year sells more than a few thousand copies. Yet creative writing
courses are oversubscribed, and multiplying; self-publishing is a
booming industry. Most leading publishing houses, and many literary
agencies, have abandoned their "slush pile" (unsolicited manuscripts):
the deluge was too great, and the chances of salvaging a jewel from it
The Guardian quotes a Macmillan executive as saying the project allows the publishing house to find new writers.