UK Cultural Sector Bailout: Analyzing Stakeholder & Social Impacts

This report examines the UK government's £1.57 billion support package for museums, galleries, and theatres, analyzing its impact on social and economic factors. It discusses how the bailout aims to restore confidence in the cultural sector after the COVID-19 pandemic and safeguard it for future ge...Read More

Debate

Table of Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
Government bailout for the UK’s museums, galleries and theatres.......................................2
CONCLUSION................................................................................................................................3
REFERENCES................................................................................................................................4

INTRODUCTION
The government of UK announced around 1.57 billion support package for the museums,
galleries and theatres of Britain considering the independent cinemas, heritage sites and music
areas are also entitled for the emergency loans and grants (Government announces £1.57 billion
support package for UK’s museums, galleries, and theatres, 2021). Along with this, the money is
provided for the help to safeguard the sector for the future generations to make sure that art
groups and venues across the UK tends to support their staff even as their doors remain closed
(Bakić and et. al., 2020). The provided money represents the biggest investment in UK culture
that helps in struggling from the institutions. The report is going to discuss in the favour of three
major environmental factors that will be impacted from the viewpoint of stakeholders.
MAIN BODY
Government bailout for the UK’s museums, galleries and theatres
Social:
For: The government tends to support and also spoke about the insurance policy in order to
restore the confidence of theatres, museums and galleries that are majorly impacted after the
arrival of COVID-19 and also has delay in full restoration. The cultural Council services and the
other services such as business support, planning, roadways and the environmental health are
complex in terms of developing the thriving locations considering the desires of people who visit
that are beneficial for employees and also undertake the social factors in terms of undertaking the
viewpoint of citizens (Llamas, 2021). The cultural and art heritage of United Kingdom are not
suitably adored but they also greed for the rest of the globe. In regard of this, the live music,
theatres, museums and galleries are considered as the essential element in order to save the
economy of UK as through museums, galleries and theatres plays an important role in regard of
the growth of the UK’s economy by generating approximately 32.3 billion in revenue and
employing around 6,80,000 people in 2018.
Against: Before COVID-19, the culture was linked with around 42% from the in-bound tourism
related spending which is beneficial for the stakeholders and other citizens of UK as they tend to
get proper financial support by considering their financial stability. As a result, it is useful in
regard of overall growth of economy and UK government also support museums, theatres and
galleries by providing proper funds and finances to them (Kim, 2017). Apart from this,

considering each region, the tourist economy is unique and for this, stronger national
coordination of UK tourism should be executed with the place based approach in terms of
recovery by properly supporting other countries that leads to influence the museums, galleries
and theatres of UK. Despite from this, after the wreaked havoc of COVID-19 pandemic these
sectors are forced to close their doors but with the support of the government, they tend to
manage their staff members and their salaries (Reed, 2021). Also, company rate breaks, loans
and self-employment that are granted by the government to help them to overcome from the
crisis.
CONCLUSION
From the above discussion, it has been analysed that with the proper support from the UK
government the museums, galleries and theatres of UK tends to have major opportunity in order
to get rise and grasp further opportunities for the benefit of stakeholder and itself. Thus, this
helps them in surviving in the dynamic situation of pandemic.

REFERENCES
Books and Journals
Bakić, A. and et. al., 2020. EUROPA28: Writing by Women on the Future of Europe. Comma
Press.
Kim, K.H., 2017. Presidential Instability in a Developing Country: Reassessing South Korean
Politics from a State-Society Relations Perspective (Doctoral dissertation, Syracuse
University).
Llamas, E.M., 2021. Being-in-Capital: A Study in the Existential and Sociological Conditions of
Post-industrial Capitalism (Doctoral dissertation, The University of Texas at El Paso).
Reed, A.J., 2021. Social Economics, Labor Issues, Marxist Studies, Society & Culture, Social
Movement Studies. Dynamics.
Online
Government announces £1.57 billion support package for UK’s museums, galleries, and
theatres. 2021. [Online] Available through:
<https://www.standard.co.uk/culture/government-package-billion-arts-
a4489456.html>./
Debate on promoting tourism in the UK, House of Lords. 2021. [Online] Available through: <
https://www.local.gov.uk/parliament/briefings-and-responses/debate-promoting-
tourism-uk-house-lords-24-june-2021>./