The trading income of museums sponsored by the UK government's Department for Culture, Media and Sport (DCMS) in England decreased sharply in 2020/2021 over the previous fiscal year due to the coronavirus (COVID-19) pandemic. From March 2020 onwards, museums, galleries, and cultural institutions in the country had to stay close for long periods, as the government adopted emergency measures to limit the spread of the virus. As a result of the closures, the National Gallery reported around 1.1 million British pounds in trading income, after earning 4.1 million British pounds in 2019/2020. Meanwhile, the Tate Gallery Group recorded trading losses of around four million British pounds between April 2020 and March 2021.
Annual trading income of DCMS sponsored museums in England from 2019 to 2021, by museum
(in 1,000 GBP)
*Excluding figures for the White Tower.
**The 2019/2020 figure is for venue hire.
***Excluding trading income from the National Coal Mining Museum.
The source specifies that: "The National Portrait Gallery closed initially in March 2020 because of the Covid-19 pandemic lockdown restrictions. The museum began its refurbishment project in June 2020 which will be completed in 2023".
Trading income is defined by the source as follows: "The total income raised through activities which involve selling a product or service to a customer (e.g. retail sales, publications, reproductions, royalties, corporate hire, catering, location hire (TV and films), licensing, image licensing, consultancy, services, learning and access income)."
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Department for Digital, Culture, Media and Sport (UK). (December 16, 2021). Annual trading income of DCMS sponsored museums in England from 2019 to 2021, by museum (in 1,000 GBP) [Graph]. In Statista. Retrieved May 26, 2022, from https://www.statista.com/statistics/422460/traiing-income-dcms-museums-england-uk-by-museum/
Department for Digital, Culture, Media and Sport (UK). "Annual trading income of DCMS sponsored museums in England from 2019 to 2021, by museum (in 1,000 GBP)." Chart. December 16, 2021. Statista. Accessed May 26, 2022. https://www.statista.com/statistics/422460/traiing-income-dcms-museums-england-uk-by-museum/
Department for Digital, Culture, Media and Sport (UK). (2021). Annual trading income of DCMS sponsored museums in England from 2019 to 2021, by museum (in 1,000 GBP). Statista. Statista Inc.. Accessed: May 26, 2022. https://www.statista.com/statistics/422460/traiing-income-dcms-museums-england-uk-by-museum/
Department for Digital, Culture, Media and Sport (UK). "Annual Trading Income of Dcms Sponsored Museums in England from 2019 to 2021, by Museum (in 1,000 Gbp)." Statista, Statista Inc., 16 Dec 2021, https://www.statista.com/statistics/422460/traiing-income-dcms-museums-england-uk-by-museum/
Department for Digital, Culture, Media and Sport (UK), Annual trading income of DCMS sponsored museums in England from 2019 to 2021, by museum (in 1,000 GBP) Statista, https://www.statista.com/statistics/422460/traiing-income-dcms-museums-england-uk-by-museum/ (last visited May 26, 2022)
