Demonstrates impacts through case studies of eleven festivals. Found that: 1) total income of 11 festivals was almost £1million. 2) 40% of income generated was earned through ticket sales. 3) total spent was £990,000 contributing a further £570,000 to the East Midland’s economy. 3) artists’ fees were the largest expense at 50%, with considerable new work opportunities created for local artists. 4) £7 million spent by audiences at local shops and other businesses in the festivals’ host areas. Economic impact of this spending generated a further £4 million to the region. 5) 33% of local businesses thought festivals brought new business. 6) 93% of businesses saw festivals as good for local communities. 84% thought they made a good contribution to the development of tourism.

Contributor:
De Montford University
Publisher:
Arts Council England
Client:
East Midlands Development Agency
Date:
December 2004
The economic and social impact of cultural festivals in the East Midlands of England

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