by James Pickford
LONDON’s tightening grip on arts philanthropy was laid bare in new research that showed that arts organisations in the UK capital secured 90% of donations from private individuals.
The figures will deal a serious blow to theatres, galleries and performing arts groups across the English regions, which are suffering from the combined impact of cuts in government and local authority funding and a sluggish economic recovery.
Philip Spedding, director of Arts & Business, the non-profit consultancy that carried out the research, said: "For arts organisations outside London, this is going in the wrong direction."
Against a backdrop of falling public funding, private investment in the arts in 2011-12 rose 7.6%, to £660.5m. All three categories of giving — from individuals, trusts and businesses — edged up, illustrating a "remarkably robust show of support for culture", the report said.