It is a generally accepted view among business leaders that cities and regions are drivers of economic growth more than nations and governments.
As Nigel Wilson, chief executive of Legal & General has observed: ‘The US doesn’t just have New York – San Francisco, LA, Boston and others are also premier league cities. In Germany, Frankfurt, Stuttgart and Munich thrive alongside Berlin. We need the same in the UK.’
The cultural sector is a vital part of the UK’s economic success – delivering on a global and local scale. Economic impact studies are a great way to demonstrate the impact of our work and make the case for continued investment in arts and culture?
A number of tools have been developed that allow value to be measured using economic valuation methods but choosing the right one is not straightforward.