Beyond the Arts, a major new report [published on Wed 27 November 2013], reveals The Lowry has an unmatched economic and cultural impact on Greater Manchester and the UK - delivered at outstanding value for public money.
- The Lowry has been a cornerstone of the £1.4bn regeneration of Salford Quays – now the new home to the BBC – which has seen the former docks regenerated into one of Greater Manchester’s strongest growing areas in terms of employment, population and households.
- Only 11.3% of The Lowry’s income comes from public funding – well below the average across regularly-funded arts & cultural institutions of 40% – and the return on this investment is £16.27 for every £1 of public money, higher than national benchmarks for other public sector organisations.
- Around a quarter of The Lowry’s shows are either world or UK premieres and/or international calibre shows only available to audiences in the North West because of the presence of The Lowry.
- The Lowry contributes £29m per annum in gross value added to the national economy, corresponding to a total expected contribution of £239m over the coming decade.
- The Lowry employs over 370 staff and its activities support the equivalent of 533 full-time jobs across the UK, the majority in the North West. The findings support The Lowry’s firm belief in the value of culture to the economy, which has never been more significant than in this current economic climate.
The findings support The Lowry’s firm belief in the value of culture to the economy, which has never been more significant than in this current economic climate.
Download full report: The_Lowry_Beyond_the_Arts.pdf