Tate, London

Majority of cultural philanthropy in England goes to London

Patrick Steel, 05.12.2016
Organisations in London attracted 66% of private investment in 2014-15
The Private Investment in Culture Survey, published by Arts Council England (ACE), has found that 66% of private investment in culture in England in 2014-15 went to organisations based in London.

It also found that investment was disproportionately skewed towards visual arts organisations, which took 32% of the £480m total.

The research found that 63% of those surveyed felt that they did not have the capacity to make the most of their fundraising.

While private investment grew by 21% in 2014-15, this was mainly accounted for by high-value individual donations to the largest recipients. But as a percentage of total income, private investment accounted for 29% of income for those organisations with a total income under £100,000, higher than the average of 18% of total income across the sector.

Clare Titley, the director of philanthropy at Arts Council England, said: “It’s encouraging to see that private investment has grown over the last three years, especially as it is evident from the data that this is an important source of income for smaller companies, as well as the larger more nationally recognisable organisations.

“The findings in this report will help to support the sector in their strategic planning at a time when there is increased need for organisations of all sizes to diversify their funding and strengthen resilience and it will also support our policy development and the scoping of future strategic investment in this area.”

Sharon Heal, the director of the Museums Association (MA), said: "It is extremely useful that ACE has captured this information for the sector in England and I hope that they will be surveying the sector going forward so that we can establish what the trends are.

"The figures highlight an increase in private investment in the arts overall, which is to be welcomed, however the detailed breakdown highlights some causes for concern.

"For example there is a clear geographical imbalance, with the vast majority of the investment concentrated in London; and while it is encouraging that private investment in museums is growing, it still makes up a small proportion of their overall income compared to other art forms.

"What the survey does highlight is the need for continued public investment in museums and that is what the MA will be campaigning for over the next year."

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Private Investment in Culture Survey

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