Arts centres post 20% turnover growth
Some of the UK’s leading arts centres have boosted their takings by nearly 20% during the past three years.
Future Arts Centres (FAC), a partnership of nine arts centres welcomed, more than 2,164,000 people to events, activities and exhibitions, and posted a growth in combined turnover of 19% in the past three years.
In their annual report, FAC venues also reveal that 57% of their audiences lived within five miles of the arts centre they visited with a further 19% living within 15 miles. The average ticket price across was just £8.75, compared to the national average of £22.84.
FAC partners were engaging an average of 20% of their audiences from the four categories deemed least likely to engage in the arts, compared to the average of 14% for arts organisations across the English regions.
FAC was set up to champion the cause of local and regional arts centres at national level, raise their profile, and support growth, innovation and sustainability in the sector. The partnership is chaired by Gavin Barlow (CEO / Artistic Director, the Albany) and Annabel
Arts Council England invests an average of £343,000 in each venue and local authority funding makes up just £153,700 of each venue’s takings. This means the centres generated around 80% of their turnover from earned income and fundraising and repaying an average of £286,000 in tax
The FAC founding partners are Stockton Arc, the Albany, mac Birmingham, Rich Mix, Cambridge Junction, Brewery Arts Centre, Lincoln Drill Hall, Artsdepot and Stratford Circus Arts Centre.