Arts and culture worth more than £850m to UK export trade
7 May 2013
Arts and culture delivers a significant return on relatively small levels of government spending and directly leads to at least £856m of spending by tourists in the UK, according to a new report seeking to analyse the value of the arts to the modern economy.
Analysis by the Centre for Economics and Business Research (CEBR) shows that the arts budget accounts for less than 0.1% of public spending, yet it makes up 0.4% of the nation's GDP.
The report, commissioned in November by Arts Council England, is a timely riposte to Culture Secretary Maria Miller who recently called for the economic case to be made for the arts, "to hammer home the value of culture to our economy". She added: "In an age of austerity, when times are tough and money is tight, our focus must be on culture's economic impact."
The report calculates that:
• The turnover of businesses in the arts and culture industry was £12.4bn in 2011. This in turn led to an estimated £5.9bn of gross value added (GVA) to the UK economy in the same year. (GVA is the value of the industry's output minus the value of inputs used to produce it, including state subsidies.)
• The sector provides more than 110,000 jobs directly, about 0.45% of total employment in the UK. The figure becomes 260,300 jobs once the indirect impacts of arts and culture are added in.
• Living in an area with twice the average level of cultural density adds an average £26,817 to the value of a property.
HOW THE PRESS REPORTED THIS
ARTS AND CULTURE WORTH MORE THAN £850M TO UK EXPORT TRADE
Report shows arts budget of less than 0.1% of public spending delivers four times that in contribution to GDP
WE'RE WORTH FOUR TIMES WHAT YOU PAY FOR US, ARTS LEADERS TELL GOVERNMENT
Dossier follows Maria Miller's demand to see 'value of culture'
ARTS 'CONTRIBUTES £7 TO GDP FOR EVERY £1 SUBSIDISED', REPORT FINDS
The Arts Council has responded to Maria Miller’s call for an “economic argument” for funding, publishing a report claiming the arts sector makes a £7 contribution to GDP for every £1 of government subsidy.
ARTS COUNCIL REPORT: NICE IDEA, BUT LET'S RAISE THE ARGUMENT
The arts, says Rupert Christiansen, are as essential to our national dignity as the Queen or the Lake District – and that is why they must be properly funded.