Figures published by the Department for Culture, Media and Sport (DCMS) in 2023 reveal the economic value of music, performing and visual arts outperforming the rest of the economy. The combined value to the economy of visual and performing arts including theatre, opera and music has risen nearly 18% on its pre-pandemic level. 

Data in the DCMS Economic report show the category of music, performing and visual arts is 17.9% up on its pre-pandemic level,with its economic value growing from £921m in February 2020 (pre-pandemic) - to an estimated £1,86m in June 2023. That is significantly sharper growth than the creative industries or cultural sector which, as a whole, grew by 13.9% anf 9.5% respectively over the same period . The creative industries grew from £9.1bn to £10.3bn, and the cultural secor from £2.6bn to £2.9bn. Overall growth across the entire UK economy was 0.8%.

However, the sector is also important as an attractor to inbound visitors and to its positive impact on health and wellbeing (source: The Value of Arts and Culture to People and Society).

With this forming the context, this highly specialist and specialised sector is a dynamic performer in The Leisure Consultancy's portfolio, and our work includes concept development, market and financial feasibility studies, business planning, project review, financial appraisals and cultural strategy development.