Spacey Joins Mayor in Calling for Arts Investment
London mayor Boris Johnson and Old Vic artistic director Kevin Spacey held a joint press conference yesterday (21 September 2009) calling on corporate investors to uphold their support for the arts through the recession.
Spacey, whose Old Vic theatre relies heavily on the support of organisations including Morgan Stanley and asset management group CQS, said: “Having lived here for seven years I genuinely believe that the UK’s pre-eminence in arts and culture constitutes one of the nation’s most powerful natural resources.
“But many arts institutions are suffering, and without political will and both corporate and public support some will struggle to survive. It’s time for us all to step up and ensure that our vibrant and diverse cultural life is protected.”
Boris Johnson added: “Arts and culture are not a luxury, they are part of this city’s DNA, its unique selling point. It is why people want to live and work here and seven out of ten tourists say it is a reason for their visit. At a time of recession it is more important than ever to invest in the arts.”
Simon Robey, head of Morgan Stanley UK, warned that the business world forgets the arts “at its peril”, and encouraged greater interaction between arts organisations and the employees of the companies that sponsor them. Meanwhile, Boris Johnson proposed the introduction of US-style ‘voluntary fees’ system to sustain free museums through the tough economic times.