The Creative Industries Federation and Arts Council England have together launched a new report, Public Investment, Public Gain. The report makes case for the central role that public investment in arts and culture plays generating commercial returns across the economy.
Case studies from across the cultural sector - including those relating directly to health and wellbeing - evidence the vital contribution of this investment within three themes: talent, jobs and growth; innovation; new models of investment.
Amongst other key statistics, the report reveals that "For every job supported by arts and culture, an additional 1.65 jobs are supported in the wider economy."
The Mayor of Greater Manchester, Andy Burnham, is quoted in the report saying: 'The economic benefits of public investment in culture are clear, from attracting visitors and investors to improving people’s health and wellbeing and generating a sense of pride in our wonderful place.'