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Mandatory tax relief on business rates for registered charities will mitigate the impact of rate rises of up to 60%.
The amount generated through donations, sponsorship and membership by Arts Council England’s National Portfolio Organisations has doubled over the past seven years.
Many arts organisations are striving to diversify their fundraising income, but there are dangers in this approach, warns Michelle Wright.
Evidence around business support will contribute to a review of provision and a resource for creative and cultural organisations.
Income generating activities by ACNI’s core-funded organisations have failed to offset the loss of Government funding and artists’ costs have been slashed to balance budgets.
Outgoing Arts Council Chair Sir Peter Bazalgette is to conduct a review into how the creative industries can “underpin future prosperity”.
Future Arts Centre venues are more successful than the rest of the sector at attracting the audiences least likely to engage in the arts, research suggests.
50 arts organisations shared around 60% of the estimated £480m private investment in culture in 2014/15, with London-based organisations being the primary beneficiaries.
New figures reveal the volatile nature of arts income as National Portfolio Organisations become more reliant on private sources of revenue.
If arts organisations continue to decrease emissions at the current rate, they will be 46% lower in 2019/20 than in 2012/13, a report by Julie’s Bicycle has found.
Over half of Arts Council England’s NPOs are reaping rewards working internationally, but larger organisations and those based in London tend to benefit most financially.
As he prepares to step down, Sir Peter Bazalgette has said he’s pleased with NPOs’ progress but that board members need to get more directly involved with fundraising.
Recognition that increased spending in one location can lead to reduced spending somewhere nearby should be considered an essential part of an economic assessment, according to a DCMS report.
Research by Jerwood Charitable Foundation found only a quarter of people working in the arts entered the sector with a paid position.
Last year Leicester’s Curve Theatre increased its turnover by 30%. Chris Stafford discusses touring, hospitality and rejecting capital funding.
Overall visitor numbers typically fall when entry fees are introduced, but donations and secondary spend are not affected.
The charity will use the funding from Innovate UK to undertake research into socially engaged artistic practice and increase its sustainability.
Annual reports reveal the city’s largest theatre spaces broke income targets and increased profits last year.
Dance is perfectly suited to being toured internationally, says Anthony Missen. He explains how exporting has allowed Company Chameleon to grow and flourish.
The theatre’s business model bears fruit, as a local tech company signs a rental agreement that will deliver an ongoing revenue stream for its artistic and education work.