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answer › answer text	%3Cp%3EA report called %3Cem%3EThe contribution of the arts and culture to the national economy%3C/em%3E was published in May 2013 by the Centre for Economics and Business Research (CEBR) and showed that arts and culture make up 0.4%25 of the UK%27s gross domestic product. The report explained that for every %C2%A31 of gross value added (a measure of the economic value of goods and services) generated by the arts and culture sectors, an additional %C2%A31.43 of GVA is generated in the wider UK economy.%3C/p%3E%3Cp%3E %3C/p%3E%3Cp%3E %3C/p%3E
min date	2014-11-10
min answer › question first answered	2014-12-01T12:10:25.887Z
answer › answering member printed	Baroness Neville-Rolfe

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tabling member printed

uin

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is ministerial correction

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answering member printed

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label

349154

registered interest

date

09/06/2015

answering body

Department for Culture Media and Sport

answering dept id

answering dept short name

Culture, Media and Sport

answering dept sort name

Culture, Media and Sport

hansard heading

Arts

house id

legislature

25277

	pref label	House of Lords

question text

To ask Her Majesty’s Government what assessment they have made of the economic return to gross domestic product arising from each £1 invested in support for the arts.

tabling member printed

Lord Smith of Finsbury

uin

HL370

answer

is ministerial correction

date of answer

24/06/2015

answer text

A report called The contribution of the arts and culture to the national economy was published in May 2013 by the Centre for Economics and Business Research (CEBR) and showed that arts and culture make up 0.4% of the UK's gross domestic product. The report explained that for every £1 of gross value added (a measure of the economic value of goods and services) generated by the arts and culture sectors, an additional £1.43 of GVA is generated in the wider UK economy.

answering member printed

Baroness Neville-Rolfe

question first answered

24/06/2015 16:24:29

answering member

4284

	label	Biography information for Baroness Neville-Rolfe

tabling member

186

	label	Biography information for Lord Smith of Finsbury