Regions at risk as London dominates new analysis of private investment in culture

As the winners for the Arts & Business Awards in partnership with Jaguar Land Rover are announced new figures indicate how much further London is dominating England’s cultural funding landscape.

Business Investment in the Arts in England remains at £113.8m. Overall private investment figure climbs to £660.5m. London percentage grows to 90% of all individual giving in England and 67.8% of all business investment.

Arts & Business Private Investment in Culture – Headline Figures

· Individual Giving climbs to £372.9m up £22.9m on previous year

· Trust and Foundations rise to £173.8m (up £23.7m on previous year)
 
· Business investment in English cultural organisations has slightly risen from £113.6m to £113.8m. 
 
 
 
 
Philip Spedding, Director of Arts & Business, comments:
“As we celebrate outstanding arts and business collaborations, this year’s survey shows a relatively modest rise in total private sector investment of 7.6%.  When compared to the state of the economy, however, this looks like a remarkably robust show of support for culture. It is a clear testament to a consistent recognition within the business community that their arts partnerships do add value.”
 
“Two main concerns arise from the figures. First, the increasing dominance of cultural organisations based in London in terms of who is raising the most money. Second, the increasing reliance by the cultural sector on Trust and Foundation support.”
 
Analysis
 
·Business support remains focused on investment through Sponsorship, which is defined as a business expense for the purpose of trade.  Sponsorship has accounted for around 60% of total business investment over the last four years. 
 
·Counter intuitively during a recession, whilst cash sponsorship has remained fairly stable, in kind support from the business sector has fallen between 08/09 and 10/11.  The figure this year is similar to that of last year, suggesting that the fall has stabilised.
 
·Support given by individuals to the arts in England has risen by almost £23m between 2010/11 and 2011/12, reaching a total of £372.9m, a rise of 6.5% from the 2011 figures of £350.0m.   By far the largest percentage, 57.7%, has been spent by individuals to join membership schemes run by arts organisation.   The second largest percentage of total individual support has been given in the form of donations. The third highest percentage is in legacy giving.  At 19.4%, this is almost equivalent to the income donated by the living
 
· Trusts And Foundations - Between 2010/11 and 2011/12 trust support of culture has risen by 15.8%.  

Elsewhere in the news

FT: London tightens grip on arts donations 

The Daily Telegraph: London takes 90% of all charitable arts funding

BBC: Regional arts suffer donation drop

Evening Standard: 'Students are put off arts subjects because they don't lead to a job'

The Journal: Donations to London on the rise while North East suffers

What's on Stage: Infographic: Regions at risk as London dominates private arts giving

Manchester Wired: Regional arts suffer donation drop

London Wired: Regional arts suffer donation drop

Arts Professional:Regions lose out on private arts investment

Leisure Management: Regional art suffers as London gets 90 per cent of all donations 

The Stage: A&B report – private arts support deserts regions for London