AIM’s analysis of how the 2015 Spending Review could affect independent museums.
There was good news and some surprises in George Osborne’s Autumn Statement and Spending Review announcements in the House of Commons on 25th November. Unusually, museums featured in his speech. The long-made argument that funding for culture is an investment appeared to have won through. He stated,
Britain’s not just brilliant at science. It’s brilliant at culture too. One of the best investments we can make as a nation is in our extraordinary arts, museums, heritage, media and sport. £1 billion a year in grants adds a quarter of a trillion pounds to our economy – not a bad return. So deep cuts in the small budget of the Department of Culture, Media and Sport are a false economy.
Although the Department of Culture Media and Sport (DCMS) received a 20% cut in its administration costs, in an unexpectedly good settlement, funding for the national museums was guaranteed for the next four years at current…
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