Arts and culture has now overtaken agriculture in its contribution to the UK economy, a report from Arts Council England has revealed.
The latest available figures from 2016 show the industry has grown by £390 million in one year, contributing £10.8 billion to the UK economy.
Commissioned from the Centre for Economic and Business Research, the report reveals that arts and culture contributes £2.8 billion a year to the treasury via taxation.
Productivity in the sector between 2009 and 2016 was greater than that of the economy as a whole, with gross value added per worker at £62,000 for arts and culture, compared to £46,800 for the wider UK economy.
The report also found 74% of surveyed organisations had been affected by public funding cuts to the arts.
Speaking to The Guardian, chair of Arts Council England Nicholas Serota praised the resilience of theatres and other arts organisations that continue to thrive despite receiving less public money.
He said: “[The success of arts organisations] tells you about their commitment and determination in spite of the cuts.
“It also tells you if they had a bit more money they would do something rather wonderful with it.”