The Value of Culture to Milton Keynes

Our most recent Annual Headlines document shows the impact of arts and heritage in Milton Keynes:

Our Annual Headlines data is collated from our members and feeds into our Annual Report to the Charity Commission. This summary is disseminated to our members and Trustees, as well as to Councillors, funding bodies, stakeholders and businesses – spreading the word about the great work our members deliver. By collaborating in this way, our members are able to demonstrate impact much more effectively than they can on their own.

The Value of Culture to the UK

In July 2015 Arts Council Published the Contribution of the arts and culture industry to the national economy – these are their headline findings:

The gross value added (GVA) of the creative industries experienced growth between 2012-2013 of 9.9%, which is higher than any other industrial sector, including financial services. Our publicly invested arts still return 0.4% of the UK’s GVA and contribute indirectly to GVA through tourism, overseas trade and regional growth.

  • Arts and culture is worth £7.7 billion GVA to our economy
  • Arts and culture industries generated £15.1 billion in turnover in 2012-13, an increase of 26% since 2010
  • For every pound spent on arts and culture, an additional £1.06 is generated in the economy

Further information on the value of culture

Impact on the economy:

  1. The arts and culture industry employed, on average, 110,600 full-time equivalent employees in the UK and 99,500 in England during the period 2008–11. This represents about 0.45 per cent of total employment in the UK.
  2. In 2011, 10 million inbound visits to the UK involved engagement with the arts and culture, representing 32 per cent of all visits to the UK and 42 per cent of all inbound tourism-related expenditure.
  3. There are five key ways that arts and culture can boost local economies: attracting visitors; creating jobs and developing skills, attracting and retaining businesses, revitalising places, and developing talent.

Impact on health and wellbeing:

  1. Those who had attended a cultural place or event in the previous 12 months were almost 60 per cent more likely to report good health compared to those who had not, and theatre-goers were almost 25 per cent more likely to report good health.
  2. Engagement in structured arts and culture improves the cognitive abilities of children and young people.
  3. A number of studies have reported findings of applied arts and cultural interventions and measured their positive impact on specific health conditions which include dementia, depression and Parkinson’s disease

Impact on society:

  1. Employability of students who study arts subjects is higher and they are more likely to stay in employment.
  2. Culture and sport volunteers are more likely than average to be involved and influential in their local communities
  3. There is strong evidence that participation in the arts can contribute to community cohesion, reduce social exclusion and isolation, and/or make communities feel safer and stronger.

Impact on education:

  1. Schools that integrate arts across the curriculum in the US have shown consistently higher average reading and mathematics scores compared to similar schools that do not.
  2. Participation in structured arts activities increases cognitive abilities.
  3. Students from low income families who take part in arts activities at school are three times more likely to get a degree than children from low income families who do not engage in arts activities at school.

Source: The Value of Arts and Culture to People and Society