“For every €1 of public money invested in the pilot, society received €1.39 in return The net cost of the BIA pilot went from €105m to under €72m due to tax generated and savings on social welfare payments”
"The findings of this external report from Alma Economics show that the real net fiscal cost of the BIA pilot over the period 2021–2025 was just under €72 million. Audience engagement with the arts generated an estimated €16.9 million in social value over the three pilot years, based on willingness-to-pay estimates for cultural participation. The most substantial social gain came from improvements in psychological wellbeing, contributing almost €80 million to total benefits.
It also finds that recipients’ arts-related income increased by over €500 per month on average, while their income from non-arts work decreased by around €280. Dependence on social protection declined, with recipients receiving €100 less per month on average, and 38 percentage points less likely to receive Jobseeker’s payments."
wonderful news!
i’d seek out links that re-report the stats instead of straight-up post the press release due to reliability/due weight concerns, tho (and next time please submit a link post instead of a text post with a link in body lol)
(reposting comment since federation didn’t work on my instance for the past day or two)
What do you mean? Primary source always has best voracity in cases of government programs.
As far as format I’ll use a link post in future.
Thanks for reposting, prior wasn’t federated to my instance.