The heritage landscape is full of concerns and challenges, but those who safeguard our heritage are resilient, passionate and ingenious.
The Heritage Risk Barometer
is a major research-based report that aims to uncover the risks that the heritage sector is facing, enabling us as a specialist insurer, to consider what we can do to support the sector in managing and mitigating those threats.
In July 2022, we interviewed 500 decision-makers across the heritage sector and 84% of them told us they will have to drastically cut costs to survive.
Perhaps inevitably, this year’s report is dominated by the cost-of-living crisis (89% concerned above all else). It also finds that:
- The majority (58%) have seen a reduction in visitor numbers since the pandemic
- Most (78%) think they will need to innovate to survive
- 80% are concerned about the wellbeing and retention of volunteers and staff
- And almost all (90%) are concerned about energy consumption.
The report celebrates the sector’s significant progress towards sustainability targets and improving access for all visitors. And it demonstrates that, while the challenges are significant, heritage organisations are already displaying determination and creativity in the ways they are meeting them.