•Thanks to 15 years of sustained support, including the introduction of the Lottery in 1994, the arts are thriving. We have visionary leaders; entrepreneurial business models; a global reputation for excellence and innovation; enhanced facilities; a transformational Olympics opportunity; and a growing cultural economy built on a new spirit of creative confidence. •The arts budget is tiny; it costs 17p a week per person - less than half the price of a pint of milk. In return we have: world-class arts and artists; a sector that gives Britain an international edge as a dynamic place to live, work and do business; a sector which fuels the creative industries and generates future jobs in one of the fastest growing parts of the economy; and a sector with a proven track record of regenerating towns and cities and contributing to a cohesive and engaged society. •The story is clear: small amounts of public money work hard and stimulate a mixed economy culture that is admired the world over and delivers a real return for the country in economic terms, and in terms of the kind of society we want to be.