Investment by businesses in the arts has dropped to its lowest level for seven years, despite a government drive to encourage philanthropy
Investment by businesses in the arts has dropped to its lowest level for seven years, despite a government drive to encourage philanthropy.
Companies gave £134m in the financial year 2010/11, according to Arts and Business, which compiled the figures.
That is £10m down on the previous year and the lowest since 2003/4.
But overall investment in the arts, including money from private donors and trusts and foundations, rose by £28.5m to £686m, Arts and Business said.
The charity, which aims to connect cultural organisations with donors, said individuals gave £382m in 2010/11, up £23m on the previous year.
Investment from trusts and foundations rose from £155m to £170m.
WINNERS AND LOSERS
• Heritage – £246m private investment in 2010/11 (up £36m)
• Museums – £109m (up £14m)
• Visual arts – £73m (down £12m)
• Theatre – £48m (down £6m)
• Music – £38m (no change)
• Festivals – £25m (down £1m)
• Opera – £23m (up £1m)
• Dance – £22m (up £1m)
• Other combined arts – £19m (no change)
• Arts services – £18m (down £2m)
• Community arts – £15m (down £6m)
Source: Arts and Business
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