BusinessCompany NewsPAC tells museums to be more business-like

PAC tells museums to be more business-like

If museums are to flourish in the UK, they must be more business-like and adopt an entrepreneurial spirit, the influential public accounts committee has warned.

Link: Budget 2003: Museums’ tax review launched

Edward Leigh, chairman of the PAC, said more needed to be done to generate income, including developing activities like catering, shops and e-commerce.

He warned that ‘unbelievably some museums and galleries have made losses on activities that were supposed to generate income, and have an inadequate grasp on the costs involved’.

Seventeen museums and galleries are sponsored by the Department of Culture, Media and Sport and receive a combined state grant of £270m.

They managed to raise an additional £108m from fundraising, trading activities and admission charges in 2002/2003.

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