Funding the arts
Victorian Government investment in the creative economy is a sound investment – with one per cent of the state budget generating some eight per cent of the state's goods and services. In 2016, this investment injected $115 million into the industry – through the Creative State strategy – and helped support projects such as the State Library of Victoria redevelopment, the Andy Warhol | Ai Wei Wei exhibition and Melbourne International Games Week.
Spanning a range of sectors and growing at four per cent per year – twice the rate of other major sectors in Victoria – the creative industries is a powerhouse of small organisations, micro businesses and sole practitioners.
Collectively, Victoria's creative industries generate $1.4 billion annually in exports for the state, contribute almost $27 billion in annual gross value to the Victorian economy and represent eight per cent of the total Victorian economy.
Commercially-driven as well as community-based, the creative industries employ around 220,000 people – accounting for almost one-third of employees in the sector in Australia.
Social and cultural value
The creative industries have a ripple effect on society – stimulating creativity in individuals, communities and the state. They have a positive impact on health care, education, social inclusion and beyond. For example, there is strong evidence in corrections that arts and creativity can be used to improve social outcomes for offenders – reducing crime rates and recidivism, and improving rehabilitation outcomes.
Read more about Victoria's creative industries.
Page last updated: 13 January 2017