Economic & Social Value of the Tate

Question: What contribution does the Tate make to the economy and wider society?

The Tate is one of the world’s leading cultural institutions. Its four galleries (Tate Britain, Tate Modern, Tate Liverpool, and Tate St. Ives) alongside its wide-ranging partnerships and outreach work make a significant contribution to the UK’s economy and society. The Tate wanted to quantify these impacts.

Solution: a framework for economic, social and cultural benefits

Regeneris considered the wide range of ways in which the Tate contributes to the UK’s economy looking at: its direct, indirect and induced footprint, its role as a visitor attraction, its social impacts and showing how it drives local regeneration. We also assessed the individual contribution of each gallery to their local areas. We consulted with teams across the organisation to draw together a large volume of data on activities to estimate Tate’s economic and social value using our in-house modelling tools.
We also reported on the range of economic, social and artistic benefits generated by the Plus Tate partnership of 18 galleries across the UK.

Impact: influence & investment boosted

Our work was used by the Tate in submissions to the government’s comprehensive spending review and to demonstrate value to sponsors and partners with a special launch event at Parliament.