We publish a new report highlighting the contribution arts and culture has made to the national economy
13 Jul 2015 02:19 PM
Yesterday (Monday 13 July) saaw the publication of two new reports that tell of the strong contribution arts and culture makes to the national economy. We are publishing Contribution of the arts and culture sector to the national economy, written by Cebr (Centre for Economics and Business Research) at the same time as the Creative Industries Federation’s Arts and Growth; How public investment in the arts contributes to growth in the creative industries.
Creative Industries Federation report
More than twenty key figures from across the creative commercial sector, including Baroness Lane-Fox, Josh Berger (President and Managing Director of Warner Bros. Entertainment), Damon Buffini (RSC Board Member and Founding Partner of Permira), and Tate Director Sir Nicholas Serota, have backed a report by the Creative Industries Federation, supported by the Arts Council, which sets out how public investment in arts and culture supports the growth of the creative industries.
Read the report here
Arts Council's new Cebr report
Key findings from Contribution of the arts and culture sector to the national economy include
- arts and culture is worth £7.7 billion GVA to our economy
- arts and culture industries generated £15.1 billion in turnover in 2012-13, an increase of 26% since 2010
- for every pound spent on arts and culture, an additional £1.06 is generated in the economy
Read the report and find out more here
More information
Both reports were launched at The Shard, in London, on Monday 13 July. Follow updates from the launch at #cultureforgrowth.
Join the Arts Council’s ongoing conversation about the value of arts and culture in England with #culturematters – and take a look at Create, our journal of perspectives on the value or arts and culture.