Cultural organisations helped boost Liverpool’s economy by around £27 million in one year according to a new report.
The Social Impact of the Arts in Liverpool 2015/16 research highlights that the cash came from a range of sources including inward investment and attracting millions of visitors.
The research focuses on 36 organisations which are funded through Liverpool City Council’s Culture Liverpool Investment Programme (CLIP).
Liverpool Biennial of Contemporary Art, Tate Liverpool, FACT, Unity Theatre and Royal Court Theatre are among the list of funded organisations which are said to have made the impact.
The report also highlights that a total of 29,840 cultural activities took place in Liverpool that year, 66% of which were targeted at special groups such as young people, homeless people and veterans.
Funded events and festivals attracted a total of at least 4.6m people, and funding from CLIP is said to have enabled organisations to raise an additional £15,140,917 from public and private sources.
Mayor of Liverpool, Joe Anderson says: “This report acts as a reminder of the hugely important role culture and the arts plays in the life of this city, both for residents and visitors.
“We know about the economic boost generated by the sector, but what’s more important is the positive, priceless impact on the day-to-day life of residents and their communities shown in this report.”
The report has been commissioned by Liverpool City Council and researched and written by the nationally recognised Collective Encounters.
Liverpool City Council works with Arts Council England to support the city’s cultural organisations.