economic contribution of the arts

[mimi'smom]

The centre for economic and business research have just published their independent report commissioned by the arts council on the economic contribution of arts and culture. The main findings (pasted from the arts council site) are rather interesting!

• arts and culture make up 0.4 per cent of *GDP – a significant return on the less than 0.1 per cent of government spending invested in the sector
• arts and culture is a sector of significant scale with a turnover of £12.4 billion and a GVA** of £5.9 billion in 2011
• arts and culture generate more per pound invested than the health, wholesale and retail, and professional and business services sectors
• the arts and culture sector provides 0.45 per cent of total UK employment and 0.48 per cent of total employment in England
• at least £856 million per annum of spending by tourists visiting the UK can be attributed directly to arts and culture
• the economic contribution of the arts and cultural sector has grown since 2008, despite the UK economy as a whole remaining below its output level before the global financial crisis

The full report can be found here:

http://www.artscouncil.org.uk/news/arts-council-news/economic-contribution-arts-and-culture-report-publ/

 

Let's hope those in charge of future funding decisions take the time to read it

 

[Jan McNulty]

Thanks for posting the link to the full report Mimi's Mum.  There's been a long thread about the Arts Council reviews here:

 

http://www.balletcoforum.com/index.php?/topic/2737-uk-arts-council-review-of-opera-and-ballet-looking-at-new-models/page-2#entry44012

 

Could we please keep discussion to that thread?

 

I'm locking this one.