2011
DOI: 10.3727/152599511x13082349958271
|View full text |Cite
|
Sign up to set email alerts
|

New Investment: An Exploratory Case Study of Three Mature Edinburgh Festivals and Their Future Funding Opportunities

Abstract: This article examines how festival holding organizations (FHOs) may identify emerging sources of alternative financing from banks, venture capitalists, and venture philanthropic organizations. The research includes both quantitative analysis of 10 years of economic data from festivals in Edinburgh, Scotland and qualitative interviews with a leader in both the banking and cultural community. The research concludes that there is a growing need for FHOs to identify new sources of funding beyond that historically … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
7
0

Year Published

2016
2016
2023
2023

Publication Types

Select...
5

Relationship

0
5

Authors

Journals

citations
Cited by 7 publications
(7 citation statements)
references
References 15 publications
0
7
0
Order By: Relevance
“…However, scholars also recognize that the traditional financial routes for festival funding are not well developed and often face many constraints (Lin et al . ).…”
Section: Understanding Festivals: the Evidencementioning
confidence: 97%
See 1 more Smart Citation
“…However, scholars also recognize that the traditional financial routes for festival funding are not well developed and often face many constraints (Lin et al . ).…”
Section: Understanding Festivals: the Evidencementioning
confidence: 97%
“…Sponsors and stakeholders are aware that, by supporting festivals within communities, they help stimulate local economies and foster a positive image of the destination (Johansson and Kociatkiewicz 2011;Van Aalst and van Melik 2012). However, scholars also recognize that the traditional financial routes for festival funding are not well developed and often face many constraints (Lin et al 2011).…”
Section: Motivationmentioning
confidence: 99%
“…However, it is increasingly likely that public investment will be based on an ability to draw down private money through sponsorship, investment, or donation (Wood 2017; Mermiri 2011). Judging success on the amount of private sector “match funding” received also offers an alternative metric for evaluating events (Lin, Stein, and Goldblatt 2011).…”
Section: Findings and Discussionmentioning
confidence: 99%
“…One argument is that event funding should be evaluated through a performance-based system focused on post-performance rather than supply-side investment; that is, success leads to greater funding rather than funding in advance of success (Hazledine 2011). The reward for success is therefore a “topping up” of revenue (Lin, Stein, and Goldblatt 2011). As an economist, Hazledine (2011) saw the systems for arts funding (in New Zealand) as a poor use of public finance and argued for change.…”
Section: Findings and Discussionmentioning
confidence: 99%
See 1 more Smart Citation