Leading Museums, Museum Leaders

World Cities Culture Finance report 2017

How do world cities finance culture?, World Cities Culture Forum, 3 March 2017

WCCF report offers new comparative insights

Did you know that $3.3 billion of public money is dedicated to culture in Paris every year? Moscow and London are not too far behind, receiving $2.4 billion and $1.6 billion respectively.

Large amounts of public and private money is spent on culture in our member cities, and others like them. Yet despite the importance of this spending, knowledge about its scale, scope and impact has remained limited.

Our World Cities Culture Finance Report, published on 03 May, is the first global comparative study to examine how much is spent on culture in world cities, by whom, and where the money goes. It is designed to help policymakers be aware of the full ‘toolkit’ of options for supporting culture, giving them the knowledge they need to understand and navigate an increasingly complex funding landscape.

Insights include:

  • Over 60% of all public direct culture funding is provided by city and local government.
  • In United States cities, culture funding is dominated by private giving. Outside of the US, with the exception of Tokyo, no other city has more than 19% from private sources.
  • Chinese cities are increasingly investing in newer and more commercial cultural forms, and in the creative industries in particular.
  • Individuals dominate private giving to culture in the US and UK. Corporations dominate private giving in Asia.
  • Indirect public funding, including tax breaks and fiscal incentives, is growing in importance. Cities need to get better at capturing this and measuring its impact.

As well as an introductory comparative analysis, the report includes detailed profiles of the cultural funding landscape in sixteen member cities: Amsterdam, Brussels, Istanbul, London, Los Angeles, Moscow, New York City, Paris, San Francisco, Seoul, Shanghai, Shenzhen, Stockholm, Sydney, Tokyo, and Toronto.

Data on cultural funding is not easy to gather. This report took eighteen months to produce, requiring in-depth collaboration between the BOP research team and the member cities listed above. By developing a shared framework and common approach, we have produced the most detailed comparative picture in existence and provided a foundation for future data-gathering and research, both by individual cities and on a comparative basis.

The full report can be downloaded here.

Council of Australasian Museum Directors, c/o Ms Daryl Karp, Museum of Australian Democracy at Old Parliament House PO Box 3934 Manuka, Australian Capital Territory 2603 Australia, © CAMD 2021
Disclaimer: The content of this website is provided for information purposes only and is not intended as a substitute for professional advice. No claim is made as to the accuracy or authenticity of the content of the website. The Council of Australasian Museum Directors does not accept any liability to any person for the information or advice (or the use of such information or advice) which is provided on this website. The information on our website is provided on the basis that all persons accessing the site undertake responsibility for assessing the relevance and accuracy of its content. No responsibility is taken for any information or services which may appear on any linked web sites. Hostgator.
.