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THREAD ALERT New research from @Cebr_uk and @metrodynamics shows that the arts and culture sector has a £700 million impact on the South West economy and will contribute to national recovery!
Get the full story here
https://www.artscouncil.org.uk/news/faster-recovery-arts-and-culture #HereForCulture
The findings show that before lockdown arts and culture:
Contributed more to the South West economy than the advertising and market research (£560m) sector, and more than double that of the travel agencies and tour operators (£320m) sectors
Contributed more to the South West economy than the advertising and market research (£560m) sector, and more than double that of the travel agencies and tour operators (£320m) sectors
Creates good jobs! Supporting the full time equivalent of 10,730 people in the South West, and also supported £1.4bn billion of GVA and 23,500 full time equivalent jobs through its supply chains.
@Cebr_uk’s report on the impact of the #CultureRecoveryFund predicts that the sector’s Gross Value Added (GVA) will return to its pre-lockdown level a full year earlier than anticipated without this vital support from @DCMS @hmtreasury
This is great news for everyone! Arts and culture has an important part to play in helping our high streets get back on track, driving footfall to local shops and restaurants. More on this here https://www.artscouncil.org.uk/news-and-announcements/culture-our-high-streets
All this has a positive knock-on effect on the wider creative industries - which draw ideas, inspiration and talent from the arts and cultural sector, and contributed £100bn to the economy before lockdown.
There’s a lot of work ahead, but by investing in the #CultureRecoveryFund, the Government is helping to protect the sector, and ensure it can bounce back faster – which will benefit everyone 
#HereForCulture
#HereForCulture
You can download the research cited in this thread here 
The Impact of CRF https://www.artscouncil.org.uk/publication/impact-culture-recovery-fund-arts-and-culture-sector
The contribution of art and culture to the UK economy https://www.artscouncil.org.uk/publication/contribution-art-and-culture-sector-uk-economy
The impact of art and culture on the wider creative industries https://www.artscouncil.org.uk/publication/impact-arts-and-culture-wider-creative-economy
The Impact of CRF https://www.artscouncil.org.uk/publication/impact-culture-recovery-fund-arts-and-culture-sector The contribution of art and culture to the UK economy https://www.artscouncil.org.uk/publication/contribution-art-and-culture-sector-uk-economy The impact of art and culture on the wider creative industries https://www.artscouncil.org.uk/publication/impact-arts-and-culture-wider-creative-economy
Acrojou Wheelhouse - Bournemouth @artsbythesea 2016. Photo © Steve Edwin
