Contribution Of The Arts And Culture Industry To The UK Economy
- April 4, 2022
- Posted by: admin
- Category: Research & Statistics
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A new report that proves how creativity feeds the economy, not just our minds. The latest figures show arts and culture contribute £10.8 billion to the economy – that’s greater than the UK’s agriculture industry!
The report highlights:
- The arts and culture industry has grown £390million in a year and now contributes £10.8billion a year to the UK economy.
- The sector contributes £2.8billion a year to the Treasury via taxation, and generates a further £23billion a year and 363,700 jobs.
- Productivity in the arts and culture industry between 2009 and 2016 was greater than that of the economy as a whole, with gross value added per worker at £62,000 for arts and culture, compared to £46,800 for the wider UK economy.