Cultural investment aids Britain's economic recovery: Manifesto

09:10, March 26, 2010      

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Investing in culture and heritage can help Britain's social and economic recovery from recession, according to a manifesto published in London on Thursday.

Britain's leading cultural and heritage organizations joined together to publish their vision for the future in the document -- Cultural Capital: A Manifesto for the Future.

The publication demonstrates with facts and figures that a 15-year period of investment has created a public appetite for culture that continues to grow, and that the arts, heritage, museums, libraries and archives make a strong contribution to the economic and social wellbeing of Britain.

The manifesto argues that a reduction of public investment would make poor economic sense. "As the eyes of the world are on Britain during the Olympic year, 2012, sustained funding is essential if our cultural institutions and attractions are to realize the opportunity that 2012 presents to create a lasting legacy of more people taking part in arts and culture, and to enhance our international profile. The cultural sector can also make a real contribution to social and economic recovery through offering work, learning, training and social engagement."

The manifesto demonstrates that it is essential to sustain the success of the cultural sector, which represents the creative capital that feeds our flourishing creative industries, inspires and educates young people, and makes Britain a number one international destination for cultural tourism. "Culture is the catalyst for change", the document argues.

The UK has the largest cultural economy in the world relative to GDP. Every 1 pound (1.5 U.S. dollars) invested in culture produces 2 pounds (3 U.S. dollars). Two thirds of the adult population in the UK enjoy the arts, visit historic sites and go to museums and galleries. Of the top 10 UK visitor attractions, eight are national museums.

Source: Xinhua
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