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Saturday, 29 January 2011

Arts Donations From UK Business Falls By 11%

Businesses investment in UK arts fell last year by 11%. This was despite Culture Secretary Jeremy Hunt’s DCMS directive to encourage corporate philanthropy. The initiative was launched last year to take the pressure off of the Government, which has made cuts to the arts of around 30%. The figures clearly highlight the universal tightening of belts taking place in some of the most prestigious British company boardrooms. The amount of funding raised for the cultural sector last year was £144m, down from £157m the year before. This revelation comes only two months after Culture Secretary Jeremy Hunt announced plans for a "year of corporate giving" to help boost private funding. Read Full Article....

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