Capital Matters - How to build financial resilience in the UK’s arts and cultural sector
Keywords: business models - arts and cultural organisations – UK - entrepreneurial enegery - capitalising cultural sector
In this report we underline the critical importance of shifting mindset and finding new ways of capitalising creative and cultural endeavour by describing how a cohort of medium sized arts and cultural organisations, perceived to be at the leading edge, are adapting and evolving their business models in order to achieve greater financial resilience. The report’s provides research which indicates high levels of entrepreneurial energy in the arts and cultural sector, reflected in a growing though still emergent diversity of business models. However, too much of this energy remains untapped because of significant mindset, skillset and support issues, particularly a lack of strategic financial planning skills; a paucity of consistent, coherent data; and a resulting misalignment of financial and other advice and support.
Published by: Mission, Models, Money, Margaret Bolton and Clare Cooper (authors), with Claire Antrobus, Joe Ludlow and Holly Tebbutt.
Year of publication: 2011
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