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UK arts and culture is a thriving industry, says report
POSTED 29 Apr 2019 . BY Luke Cloherty
A new report conducted by the UK’s Centre for Economic and Business Research has found that the country’s arts and culture industry contributes £10.8bn to its economy.

The report, called Contribution of the arts and culture industry to the UK economy, found that it contributes £2.8bn via taxes and also noted that the industry generates a further £23bn a year – and 363,700 jobs – through supply chains and employee spending.

Arts and culture’s total economic contribution has overtaken the agricultural sector’s £10.1bn contribution and is roughly equal to that of major cities such as Liverpool and Sheffield.

"Latest figures show arts and culture is a thriving industry delivering huge benefits for our economy," said Sir Nicholas Serota, chair of Arts Council England.

"Public investment in the arts is fuelling local regeneration across the country, pushing skills and talent to the commercial sector, and driving the world-class reputation of our creative industries."

It is the fourth edition of the report from the Centre for Economic and Business Research. It concludes that productivity in the arts and culture industry between 2009 and 2016 was greater than that of the economy as a whole. Gross value added per worker was £62,000 in arts and culture, compared to £46,800 for the wider UK economy – a 24.5 per cent difference.

The study also notes the "spillover" benefits of arts and culture as an industry to the UK economy.

Having surveyed industry professionals and organisations, it found that 69 per cent of organisations feel that they are “part of a creative cluster” in their local area, 52 per cent are involved in local regeneration and 46 per cent have had buildings regenerated as a result of their actions.

Another of these spillovers was that 82 per cent of surveyed organisations said they provide support for local artists and businesses.

One negative the report highlighted for the industry, however, was that 74 per cent of arts and culture organisations had been affected by public funding cuts.
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Jobs . News . Products . Magazine
NEWS
UK arts and culture is a thriving industry, says report
POSTED 29 Apr 2019 . BY Luke Cloherty
A new report conducted by the UK’s Centre for Economic and Business Research has found that the country’s arts and culture industry contributes £10.8bn to its economy.

The report, called Contribution of the arts and culture industry to the UK economy, found that it contributes £2.8bn via taxes and also noted that the industry generates a further £23bn a year – and 363,700 jobs – through supply chains and employee spending.

Arts and culture’s total economic contribution has overtaken the agricultural sector’s £10.1bn contribution and is roughly equal to that of major cities such as Liverpool and Sheffield.

"Latest figures show arts and culture is a thriving industry delivering huge benefits for our economy," said Sir Nicholas Serota, chair of Arts Council England.

"Public investment in the arts is fuelling local regeneration across the country, pushing skills and talent to the commercial sector, and driving the world-class reputation of our creative industries."

It is the fourth edition of the report from the Centre for Economic and Business Research. It concludes that productivity in the arts and culture industry between 2009 and 2016 was greater than that of the economy as a whole. Gross value added per worker was £62,000 in arts and culture, compared to £46,800 for the wider UK economy – a 24.5 per cent difference.

The study also notes the "spillover" benefits of arts and culture as an industry to the UK economy.

Having surveyed industry professionals and organisations, it found that 69 per cent of organisations feel that they are “part of a creative cluster” in their local area, 52 per cent are involved in local regeneration and 46 per cent have had buildings regenerated as a result of their actions.

Another of these spillovers was that 82 per cent of surveyed organisations said they provide support for local artists and businesses.

One negative the report highlighted for the industry, however, was that 74 per cent of arts and culture organisations had been affected by public funding cuts.
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ProSlide Technology, Inc.

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+ More profiles  
FEATURED SUPPLIER

How can travelling exhibitions adapt for the future?
Emily Cronin, partnerships manager at the Science Museum Group in the UK, shares insights into evolving business models for touring exhibitions in Spokes, Ecsite’s magazine. [more...]
VIDEO GALLERY

Simworx - The power to move you…
Simworx is acknowledged as one of the world’s leaders in the supply of 4D Effects Cinemas and Motion Simulation Attractions. Find out more...
More videos:
Trailer Pinocchio - A Modern Tale VR – Red Raion
Red Raion: Meet the Team - Introduction – Red Raion
Introducing AnimaChat! – Animalive
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

18-20 Jul 2019

Indonesia International Amusement & Leisure Expo (IIALE 2019)

Jakarta International Expo , Jakarta, Indonesia
16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
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