Public Sector Funding at Tate

Introduction Tate and its mission Structure and governance Funding overview Public Sector Fundraising Some publicly funded projects The future

Tate and its mission A family of 4 galleries: London, St Ives and Liverpool Mission: to increase public knowledge, understanding and enjoyment of art Tate is a public institution owned by, and existing for, the public Total visitor numbers of 7.74 million to its four galleries in 2012/13

Structure and governance Tate is a Non-Departmental Public Body (NDPB), funded in part by the Department for Culture, Media and Sport (DCMS) Tate is an exempt charity with full charitable status Tate is governed by a Board of Trustees

– Grant in Aid Tate received £34,912,000 of Grant in Aid from Parliament, (£45,105,000 in ), provided through the DCMS. Tate Modern capital grant funding the new building at Tate Modern: DCMS is contributing £50 million towards the total cost of £215 million Tate continues to supplement this grant from other sources and self- generated income from trading, admissions and fundraising amounted to £122,909,000 for the year (£67,943,000 in ).

Public Sector Fundraising UK Government Departments Non-departmental public bodies Regional and local government National Lottery European Commission Non-public bodies that distribute research grants

Some publicly funded projects The Tate Movie Project - £3m Big & Small - £480,000 Skills for the future - Anoxic framing - Acquisitions -

The future 2015 Vision Capital projects Comprehensive Spending Review 2010

2010 Spending Review A spending review for the years 2011/12 through to 2014/15 was announced by the coalition government. This review was driven by a desire to reduce government spending in order to cut the budget deficit. Chancellor of the Exchequer George Osborne announced the details of the spending review on 20 October The cuts have been described as the biggest since World War II. The review will lead to an £81 billion cut in public spending in the remaining four years of the parliament, with average departmental cuts of 19%.

Nick Serota, The Guardian, Oct 2010 ‘A Blitzkrieg on the Arts’ 'The idea that you can cut a £180bn deficit by slicing money out of the budget of the Department of Culture, Media and Sport is frankly absurd." The words of an arts bureaucrat, theatre director, artist or writer with a special case to plead? No: Nick Clegg's, in the election campaign. Now his coalition wants cuts for culture and sport, over the next four years, of between 25% and 30% – the greatest crisis in the arts and heritage since government funding began in 1940.

With the ruthlessness of a blitzkrieg the coalition is threatening the stability of an entire system for cultural provision that has been built up by successive Conservative and Labour governments: a mixed economy of public and private support that has made Britain a civilised place to live, where all have an opportunity to enjoy the arts or celebrate our heritage, and have been doing so in increasing numbers.

HERZOG & DE MEURON 263_Tate-Modern-2/ /Public-Launch

Further information About Tate: governance & annual accounts Transforming Tate Modern Tate St Ives Phase Two