Arts & Business in the news
29 August 2010
Arts bodies face a huge squeeze in public funding, but the American who rescued the Royal Opera House says that austerity begins at home
Arts & Business is the most successful arts-funding organisation this country has ever known. When it started, there was barely any private giving to the arts in Britain. In 2008, the figure was £686.7m, falling slightly last year to £654.9m. By 2016, the figure will be £1 billion, according to A&B’s forecasts. NB you will need to subscribe to The Sunday Times to access this piece.
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13 August 2010
Spoonfed: Funding Cuts - the impact on culture in London
"The cuts, if they are as deep as threatened, will have a devastating effect on the arts, as no other source, private or public, can come to the rescue fast enough to stop the damage. However I do believe that in the medium to long term, private sector funds, from sponsorship and philanthropy, will play a crucial role..." Colin Tweedy
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6 August 2010
The Independent: The arts need philanthropy
Arts & Business has been trying to get across the message that private-sector funding will not be able to bridge the gap, short to medium term, if the Department of Culture imposes cuts of 25 per cent. But we believe sponsorship and philanthropy are the only potential form of growth in funding, if the cuts come. They are not a panacea, but please let us not knock them.
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31 July 2010
The Independent: David Lister: How quickly holier-than-thou turns into dog eat dog
This happened this week with Nick Starr, executive director of the National Theatre, suggesting that the quango Arts and Business should lose its £4m of public funding. I suspect that any organisation with the word Business in its title will not endear itself to some in the arts, but Arts and Business does a valuable job in bringing corporate finance and individual philanthropists into the arts.
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30 July 2010
FT.com: Arts leaders fear cuts in regions
Jeremy Hunt, culture secretary, has made it plain that there will be cuts in public spending on the arts, and that he expects organisations to redouble their efforts to attract money from private sources.
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