Economic value of the British Library

Lorcan 1 min read

Interesting results from an investigation commissioned by the British Library trying to put a value on the benefit to the UK the library delivers. I saw a news report about a study that was carried out in Boston a while ago where (nine, I think) Universities reported that the economic impact on Boston of their presence in the area was the equivalent of holding an olympic games there each year. I don’t know of other library studies quite like this, though, although I assume some exist.

The study shows � taking conservative estimates � that for every �1 of public funds the Library receives it generates over �4 of value to the UK economy. In addition, the findings show that the Library adds �363 million of value each year � �304 million indirectly and �59 million directly � and that, without the Library, the UK would lose �280 million of economic value a year. [Press Release – �363 million a year knowledge dividend to UK economy – UK national library reveals results of ground-breaking research]

More from LorcanDempsey.net
Celebrating Ohio

Celebrating Ohio

A temporary relocation makes me realize how much there is to like and to say about Ohio, where we have lived for the last 22 years. We moved to Ohio from the UK (and lived in Ireland before that). Here are some observations based on our travels around the State over the years.
Lorcan 29 min read

Hamster wheeling ....

I have found the expression ‘hamster wheeling’ useful over the last few years. I tend to use it in the
Lorcan 1 min read

Elected ...

I thought it would be nice to record that a couple of my colleagues had recently been elected to positions

Lorcan Dempsey dot net

Deep dives and quick takes: libraries, society, culture and technology

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to LorcanDempsey.net.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.