A report on the economic impact of the arts in Ireland, launched on 16 November 2011, shows that the arts provide significant direct and indirect employment, with the Arts Council’s annual funding from the Exchequer supporting over 2,600 jobs.
This employment generates tax revenues to the Irish Exchequer of €41 million — the arts sector itself supports 21,328 jobs and contributes €306.8 million in taxes.
The report, entitled an Assessment of the Economic Impact of the Arts in Ireland (2010), is published by the Arts Council and commissioned by the Council from Indecon International Economic Consultants.
The report indicates that the turnover of the organisations supported by the Arts Council determines their ability to purchase goods and services, to employ staff and to undertake investment – these functions in turn have an impact on the wider economy.
Total funding committed by the Arts Council amounted to €60.3 million in 2010. The estimated turnover of the Arts Council funded organisations and individuals in 2010 was €135m.
The Arts Councils own grant-in-aid has been reduced by €16.4 million or 20% over the four years, 2008 to 2011; there has been 400 jobs losses since the initial 2009 Indecon report and an associated loss of €13 million of VAT and other taxes to the Exchequer.
Speaking at the launch of the report, Jimmy Deenihan TD, Minister for Arts, Heritage and the Gaeltacht (pictured) said: ‘The arts underpin policies in attracting foreign direct investment, in the creation of an imaginative labour force, in establishing an innovative environment in which the creative and cultural industries can thrive and in cultural tourism. By focusing on the arts as an element of social and economic renewal, we are playing to our strengths.’
Pat Moylan, Chairman, Arts Council added: ‘Our artists and arts organisations continue to play their part in our national recovery. While the arts should not be evaluated solely on economic grounds, it is clear from this report that the sector is a financially important and labour intensive one.’
The 2009 Indecon Report referenced above is available in the publications section of the Arts Council’s website.
Published on 22 November 2011