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What we do

The Culture and Heritage Capital (CHC) programme, led by DCMS, is working to broaden economic analysis across the creative, culture and heritage sectors. Measuring the economic contribution of these sectors is standard practice. We want to go further, and assess their impact on welfare, sustainable growth and long-term living standards too. By highlighting the wider benefits these sectors bring to individuals and society, we can support better decision-making.

Our aim is to create a formal approach to valuing culture and heritage capital, to sit alongside other approaches for natural, human, social and financial capital. We provide sectors, practitioners and academics with the tools to undertake CHC analysis and make a stronger case for investment. This includes:

• a bank of values demonstrating the market and non-market value of CHC assets
• guidance notes for appraisal and evaluation
• a set of National Culture and Heritage Capital accounts

Having a CHC approach can:

• enable users to independently assess and value culture and heritage (with information and resources from our team)聽
• identify new evidence and areas for development
• provide a platform to update tools and guidance as knowledge develops
• reduce search costs for analysts and decision makers needing this type of analysis

Our aims are consistent with HM Treasury鈥檚 Green Book principles.

For current values figures for use in social cost-benefit analysis (SCBA), see the DCMS CHC Evidence Bank.

If you have any questions, contact our team.

Email: chc@dcms.gov.uk

The CHC approach

Launched in 2021, the CHC Framework sets out the need for a transformational change to assessing value for money, incorporating economic, social and cultural value into appraisals and evaluation, (following best practice guidance set out by HM Treasury鈥檚 Green Book).

You can use this framework to help articulate the impact of culture and heritage interventions. It is a developing resource that will evolve through ongoing consultation with the sector.

Collaboration

Stakeholders

DCMS is pleased to be collaborating with many of our arm鈥檚 length bodies (ALBs) on CHC. Together with our ALBs, we aim to establish an agreed economic approach for valuing our cultural heritage assets. This includes the benefits they provide to people, communities and businesses.聽

Some ALBs have their own websites dedicated to Culture and Heritage Capital. This includes specific guidance:

Many other ALBs are collaborating with us on CHC including:

• the British Film Institute (BFI)
• the British Council
• the National Lottery Heritage Fund (NHLF)
• Office for National Statistics (ONS)

Arts and Humanities Research Council

In October 2022, DCMS and the Arts and Humanities Research Council (AHRC) opened bids for funding for research projects. These projects will contribute聽 to the development of a robust and holistic approach for capturing and articulating the value of culture and heritage. Six projects have been funded as part of this research programme.聽

For a summary of these projects, see AHRC/DCMS CHC Research Programme - Bid Recipients

The projects taken forward as part of the AHRC/DCMS Research Programme have been informed by the Scoping Culture and Heritage Capital report, commissioned jointly by AHRC and DCMS in November 2021.

Governance

CHC Advisory Board

The CHC Programme is governed by an advisory board, connecting principal decision makers with leaders and experts from across culture and heritage organisations and academia. The board provides strategic and technical direction to the programme, discusses the aims and objectives for the group and provides advice to help improve the sector鈥檚 ability to demonstrate its value.

The Advisory Board is chaired by Lord Neil Mendoza, Chairman of Historic England.

Full members include:

• Lord Neil Mendoza (Chair) - Chair, Historic England
• Prof Hasan Bakhshi, MBE - Director, Creative Industries Policy and Evidence Centre
• Prof Ian Bateman, OBE - Professor, University of Exeter
• Prof May Cassar, CBE - Professor and Founding Director, UCL Institute for Sustainable Heritage
• Prof Geoffrey Crossick, MBE - Professor, School of Advanced Study, University of London
• Dr Darren Henley, OBE - Chief Executive, Arts Council England
• Eilish McGuiness - Chief Executive, National Lottery Heritage Fund and National Heritage Memorial Fund
• Sir Laurie Magnus - Chair, Heritage of London Trust
• Prof Susana Mourato - Professor, London School of Economics,聽
• Saul Nass茅 - Chief Executive and Keeper of The National Archives
• Ren茅 Olivieri - Chair, National Trust
• Jessica Pulay, CBE - Chair, The Wallace Collection
• Ben Roberts - Chief Executive, British Film Institute
• Prof Christopher Smith - Executive Chair, Arts and Humanities Research Council (AHRC)
• Emma Squire CBE and Claudia Kenyatta CBE - Co-CEOs, Historic England
• Prof David Throsby, AO - Professor, Macquarie University

Underneath the Advisory Board sits the CHC Steering Group and Working Group, with representation from across our ALBs and the culture and heritage sectors.

CHC Research Expert Group

The CHC Research Programme, run by AHRC and DCMS, is overseen by the CHC Research Expert Group (REG).聽

The REG offers technical and advisory support, as well as monitoring projects to ensure they meet quality standards. Additionally, the REG ensures projects meet the programme objectives.

Members include:

• Prof May Cassar, CBE - Professor and Founding Director of the UCL Institute for Sustainable Heritage
• Prof Geoffrey Crossick - Professor, School of Advanced Studies, University of London
• Prof Alan Collins - Professor, Nottingham Trent University
• Dr. Catherine Eagleton - University Librarian and Director of Collections and Museums, University of St Andrews
• Prof Giorgio Fazio - Research Director, Creative Industries Policy and Evidence Centre
• Prof Douglas Noonan - Professor, IU Indianapolis
• Prof David Stevenson - Professor, Queen Margaret University
• Prof Nicola Thomas - Professor, University of Exeter

Using CHC in your work

This guidance is for people who want to learn about culture and heritage capital and how to apply it.

Current guidance

In addition to the CHC Framework, is also available for specific assets.

Use these guidance notes if you are working for:

• a regional museum

• a local museum

• a gallery

• a theatre

More guidance will be added to this page as the programme develops.

Contribute to research

DCMS works closely with academics and the sector to develop the CHC Framework. However, we are keen to hear from anyone who:

• would like to contribute to/get involved with the CHC programme
• has done/is doing work that may be relevant to the CHC programme
• would like to know more about our work

If this applies to you, get in touch with our team by emailing chc@dcms.gov.uk.