# Private support for the arts grows to record £530 million

- Link: https://fundraising.co.uk/2006/12/11/private-support-arts-grows-record-530-million/
- Published: 2006-12-11T00:00:00+00:00
- Author: Howard Lake

Arts & Business reports that private support for the arts has grown to £530 million,
a growth of twice the rate of inflation. The top 50 arts organisations, representing
3% of the 4,000 arts organisations surveyed, received taking the lion’s share of
these donations.
According to the Arts & Business (‘A&B’) Private Investment in 
the Arts report, individual giving has grown the most, standing at £262.4 million.
From 2004/05 business investment has remained static at £153.4 million, whilst donations
from trusts and foundations have risen to over £113.7 million.

A&B says that its research is “the only survey in the world to annually produce 
these figures and report on both business investment and individual giving together”.

Colin Tweedy, Chief Executive of A&B welcomed the findings, but said: “The challenge
for A&B is to ensure that corporate giving does not lag behind other forms. Corporate
giving is a key part of the private investment mix.”

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The report revealed mixed results across the UK. London now accounts for 74% of 
all private donations, with seventeen of the top twenty recipients of private donations
listed in the survey based in London. The South West, North East and East Midlands
all saw an increase, whilst Yorkshire, the West Midlands and the East region experienced
the biggest falls.

Heritage remains the most popular sector for support, followed by visual arts/galleries,
museums and theatres. Together these sectors took 70% of total private investment.

Libraries and archives saw the greatest increase in UK share of private investment,
with film/video also showing a strong increase. Cash sponsorship was dominated by
theatre, visual arts and galleries and festivals, taking 41% of the total UK share
of this form of investment. Museums and music took the largest share of corporate
donations, receiving 43%.

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