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World Cities Culture Finance Report
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Image Credit: South Asian Dance, courtesy of Los Angeles County Arts Commission


World Cities Culture Finance Report

How cultural organisations could respond

Paul Owens

Co-Founder and Director

Paul is a leading international advisor and practitioner in cultural policy and creative economy. He is Co-Founder of BOP, and alongside his fellow directors he has pioneered now well-established methods to measure the impact of cultural policy. 

Paul Owens - Founder and Director | BOP Consulting

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LOCATION

Global

CLIENT

World Cities Culture Forum (WCCF)

SECTOR

Projects Sectors

Our World Cities Culture Finance Report was published last week, after an intensive 18-month research process. 


The report is the first global comparative study on how culture is financed in world cities.


In all the cities, cultural organisations are close partners with city administrations. So in addition to analysing current funding landscape, the report also provides these organisations with ideas which they can use to take a proactive approach to the future of funding in their cities. Many of these mechanisms are sector-led, and include:

  • City-wide crowdfunding campaigns. In Stockholm, Sydney and Seoul, crowdfunding platforms are used as match funding from national and city culture budgets. Some cities make donations to cultural organisations tax deductible.

  • Cooperative models. In Amsterdam, a ‘cooperative’ of professional musicians invests €1,000 each in a building and individually performs several concerts per year for paying members.

  • Participatory budgeting, as in New York where city residents participate in the allocation of capital funds

  • Shenzhen has embraced a concept known as ‘Culture +’ which gives organisations the flexibility to access venture funding through combinations such as ‘culture + technology,’ ‘culture + entrepreneurship,’ and ‘culture + finance’.

  • There are even suggestions for securing direct revenue. For example, in Los Angeles a 2.5% on the gross receipts of some cable operators supports the filming and distribution of performing arts programmes.

The full report can be downloaded below.

World Cities Culture Finance Report

Our World Cities Culture Finance Report, is the first global comparative study to examine how much is spent on culture in world cities, by whom, and where the money goes.

Project Report

World Cities Culture Finance Report

Building on our contribution to the second edition of the report in 2018, BOP has led as the Data and Research partner on this report to help find out how policies can protect people working in the creative and cultural sectors.

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UNESCO

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The Royal Society for Arts (RSA)

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GOSH Arts

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UNESCO

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Arts Council England

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Nesta

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National Trust

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The Reading Agency

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Paul Owens - Founder and Director | BOP Consulting

Paul Owens

Co-Founder and Director