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

Read the full story at bbc.co.uk

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