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NGCV collective return on investment grows again

17th November 2015

Figures published in the latest NGCV annual independent Economic Impact Assessment show that our collective economic contribution to the North East in 2014-15 was £87.5million and that for every £1 of public subsidy received by the organisations, there was a strong return on investment of £4.56, which has grown over the last 2 years.

NGCV Chair Mark Dobson, Chief Executive of Tyneside Cinema said, “We can demonstrate that we have a strong role and contribution to make to the regional economy and we believe that NGCV and the wider cultural sector should be recognised for the significant contribution that we make through the skills and talent that we nurture, through the employment we create, through the visitors we attract to our world class cultural offer and assets and through the engagement and involvement of people from all backgrounds and walks of life in creative, life affirming and inspiring activities, as participants and audiences.”

Produced by independent consultants ERS, NGCV’s Economic Impact Assessment demonstrates the economic contribution through a rigorous analysis of data each year. This is the seventh in a series of annual reports.

As well as the overall impact and return on investment, the 2014-15 Economic Impact Assessment shows that our 10 cultural organisations (which operate 20 venues* across NewcastleGateshead and Tyneside):

  • supported 2,002 full time equivalent (FTE) jobs in the region, 1293 of whom are people directly employed by the organisations
  • generated  3.7 new jobs in the North East for every 10 jobs we create in our organisations
  • hosted 3.6 million attendances at our events and activities
  • generated £15million additional visitor spend in NewcastleGateshead and £9.4 million across the North East, through audiences, as well as conference delegates 

Philip Bernays, Chief Executive of Theatre Royal,  said, “What is telling is the regional impact of NGCV – most of the statistics double when looking beyond NewcastleGateshead to the wider North East, and show the reach of the ten organisations across the region.  This is timely in the context of the North East Case for Culture and the broader North East Devolution agenda, where this cultural powerhouse can have a real role to play.”      

Not included in the report is the fact that NGCV also supports around 2000 people each year with professional development opportunities linked to culture and creativity, such as students, teachers, artists and other creative practitioners.

NGCV members also provide opportunities for those who may not otherwise have the chance to gain skills in the sector.   A snapshot of work-based opportunities in June 2015, showed that we were hosting 8 apprenticeships, 5 traineeships, 14 internships, 40 work placements and 152 work experience places, as well as Sage Gateshead hosting the regional Creative Apprenticeship Programme.   In addition, 617 volunteers gave 23,360 hours of their time in front of house and back office roles across NGCV in 2014-15.

Mark Dobson said,  “As well as providing real economic benefits to the region, collectively we supported 949,517 learning and participation engagements, including 615,404 children and young people.  We also worked with hundreds of schools to inspire the next generation of cultural participants and creative professionals.  Collectively, we raised £5.6million in additional project funding for cultural activities beyond our core programmes, which includes outreach and special projects for the most hard to reach and vulnerable in our communities.”

NGCV members work in communities across the region and have a significant social impact.  Many of the projects delivered each year work with hundreds of hard to reach, vulnerable and marginalised individuals, groups and communities.  The impact of their involvement can, in many cases, be life-changing and bring about positive changes in a person’s life. 

INFORMATION

The NGCV Economic Impact Assessment is held in high esteem and has been cited as good practice regionally and nationally.  The reports have been widely shared and it continues to be an excellent resource to measure the impact the 10 cultural organisations have within the regional economy.

For more information, please visit www.ngcv.tv/impact

ERS is an independent research consultancy which carries out the annual Economic Impact Assessment for NGCV in line with Treasury Green Book Guidelines.  http://www.ers.org.uk/

Note:  NGCV members operated 22 venues and sites up to March 2013.  Due to a change at Tyne & Wear Archives & Museums, the partnership now runs a total of 20 venues in Tyne & Wear.

Venues and sites operated by NGCV in 2015 are:  BALTIC and BALTIC 39, Centre for Life, Dance City, Live Theatre, Northern Stage,  Sage Gateshead and Gateshead Old Town Hall, Seven Stories, Theatre Royal, Tyneside Cinema and all the Tyne & Wear Archives and Museums venues, which are: Laing Art Gallery, Shipley Art Gallery, Discovery Museum, Great North Museum, Segedunum Roman Fort, Arbeia Roman Fort and Museum, Stephenson Railway Museum, South Shields Art Gallery and Museum, Hatton Gallery and Tyne and Wear Archives.