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AIM Report and Toolkit highlights the significant Economic Impact of the Independent Museum Sector
AIM’s latest report on the Economic Impact of the Independent Museum Sector highlights the considerable economic benefits independent heritage organisations deliver locally and nationally. Produced in partnership with DC Research and Durnin Research and supported by funding from Arts Council England, the report’s key insights include:
- The independent museum sector currently supports over 8,900 direct jobs (6,000 FTE) across the UK, three-quarters of these are jobs in their local area
- Over 34,000 regular volunteers contribute almost half a million days per year to the independent museum sector, currently estimated to be worth more than £28 million
- Independent museums attract over 24 million visitors per year, drawing in 10 million from outside their local area
- Visitors to independent museums spend almost £440 million, a considerable contribution to local economies
- Standard local economic multipliers suggest the gross economic impact of the sector could be equivalent to around 17,100 jobs or £730 million of expenditure.
AIM’s latest Economic Impact Toolkit has also been updated and is now available to download alongside the report.
Through its easy-to-use methodology the toolkit helps heritage organisations estimate the overall economic impact they have on their local economy, offering insights that can boost their advocacy work, as well as improve feedback to funding bodies.
AIM Director, Emma Chaplin:
“The 2019 edition of AIM’s Economic Impact Toolkit builds on previous releases, updating key datasets and offering even more levels of analysis.
We feel this easy-to-use tool enables heritage organisations to assess their impact with clarity, helping them highlight the ongoing and significant contribution they make to the economies of their local area, and thus also our national economy. “