Arts support hit by recessionFebruary 2010
Levels of UK business funding of the arts have fallen back by nearly a tenth this year, after record giving in 2008.
Research by Arts & Business, which monitors corporate funding of the arts, shows that non-state investment in the arts fell from £687million ($1.12billion, €776m) to £655m during the past year.
The biggest losers were museums, whose funding fell by 37 per cent overall to £81m. In the UK’s last serious recession, in 1991-92, arts funding dropped by 14 per cent. Arts & Business predicts that there are ‘two difficult years ahead’ for the arts.
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