Heritage and the Economy: East of England and the South East

Framlingham Castle © David Gill

The economic value of heritage is not always recognised. The report on Heritage and the Economy 2020 by Historic England makes the point that heritage in England directly generated £14.7 bn GVA in 2019 (and £36.6 bn GVA taking into account direct, indirect and induced income), and directly created 206,000 jobs. Taking direct, indirect and induced GVA, the total generated by heritage for 2019 was £36.6 bn, and created 563,509 jobs.

The dataset accompanying the report, Heritage Economic Estimate Indicators, shows that the heritage sector generated over £5 bn directly and indirectly in the East of England and the South East, and £8 bn if induced income is taken into account. This regional amount represents approximately 20 per cent of heritage GVA for England.

East of England and the South East

The sector also provided over 80,000 jobs, directly and indirectly in the two regions in 2019; taking account of the induced element, this rises to 140,000 regional jobs in 2019. This regional amount represents some 25 per cent of the heritage jobs in England.

East of England and the South East

A healthy heritage sector is one of the keys for the recovery of the national economy.

Academic journals: Journal of Cultural Economics

Journal summary:  The Journal of Cultural Economics applies economic analysis to all of the creative and performing arts and the heritage and cultural industries, whether publicly or privately funded. Furthermore, the journal explores the economic organization of the cultural sector and the behavior of producers, consumers, and governments within the cultural sector. Papers are published dealing with the theoretical development of cultural economics as a subject, the application of economic analysis and econometrics to the field of culture, and the economic aspects of cultural policy.

Publisher: Springer in association with the Association for Cultural Economics International

Website: https://link.springer.com/journal/10824

Access: Subscription; some open-access

Journal type: Academic peer-reviewed