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.
If you are thinking about undertaking an economic impact study such a study, read our Measuring the economic benefits of arts and culture report published May 2012 - it sets out practical guidance for any arts or cultural organisation thinking about conducting research into its economic benefits.
Call out to share your economic impact studies
We’d like to create a bank of economic impact studies which is accessible online to inspire the sector. If you have already produced one and would like share it with us pls send it to digital@artscouncil.org.uk or comment below and include a link to download it elsewhere.

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Milton Keynes Economic Impact Study
During the summer 2012, Milton Keynes drew together a programme incorporating events across arts, heritage and leisure. Activities included Godiva Awakes, IF [Milton Keynes' International Festival] a Fringe Festival and Heritage Open Days. Below is a link to the Executive Summary for the Economic Impact Study which covers Cultural development in Milton Keynes; Economic and financial impacts and Expanding audiences and perceptions
http://www.milton-keynes.gov.uk/arts/documents/Evaluation_of_the_Summer_...
Y&NY Creative Industries Report 2011
A new report launched by Chrysalis Arts, demonstrating that York & North Yorkshire’s arts and creative industries sector represents an important and expanding part of its economy.
http://www.creativenorthyorkshire.com/News.aspx?page=2&item=876
'Value of Jazz in Britain' from Jazz Services
http://www.jazzservices.org.uk/index.php/jazz-services-resources-reports...
Papers from Simon Tanner, Kings College London
http://simon-tanner.blogspot.co.uk/2012/10/the-balanced-value-impact-model.html
http://www.slideshare.net/KDCS/simon-tanner-impact-uk-museum-and-web-nov-2012
Creative Impact: De La Warr Pavilion Economic Impact Evaluation
http://www.dlwp.com/documents/DeLaWarrPavilionEconomicImpactEvaluation_p...
TWAM Economic Impact
Study by BOP shows Tyne & Wear Archives & Museums' net economic impact in the North East is £42,737,278 and gross value added is £19,875,449 supporting 701 jobs.
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