"'Money lost to the arts since 30.03.2011: £20,392,023.
Money lost to the economy since 30.03.2011: £40,784,046.'
The latter figure is exactly twice the former. I suppose this is a reference to the claim made by John Smith, President of the FEU, in the comments that 'Every £1 invested in the Arts generates £2 for the wider economy'."
"Polly Toynbee in the Guardian back in July:
'The return from a tiny government investment is probably greater in the cultural industries than any other – every £1 the Arts Council England puts in generates another £2 from commercial sources.'
The UK Film Council, quoted in the Independent in August:
'But the UKFC doesn't waste money, it makes it. For every pound it invests, the country gets £5 back.'
Ivan Lewis in the Guardian yesterday:
'The National Campaign for the Arts estimates that every £1 of grant given to the arts brings a fifteen-fold return in investment into the county [Somerset].'"