Actions and Detail Panel
Income generation for libraries: London
Thu 4 May 2017, 10:00 – 16:00 BST
All library services provide a core range of free services, in line with library authorities’ statutory duties. Councils have historically been the primary funding source for public libraries. But libraries increasingly need to diversify their funding: generating additional income streams to help support existing services and to develop new ones.
What could libraries do?
The Libraries Taskforce's ‘Libraries shaping the future' toolkit explores a wide variety of ways that libraries can generate income: things like being commissioned via public or private sector service contracts, or partnerships; direct trading and retail; getting money from charities, trusts, foundations or philanthropy; fundraising and crowdfunding; precepts from parish and town councils to support libraries; Community Infrastructure Levy / Section 106 agreements; and looking longer-term into the future, social investment and alternative funding models like social impact bonds and blended funds.
Learning from experience
However, it can be difficult to know where to start and which might be the right approach. It’s invaluable to hear from people who’ve tried out different approaches, and learn from their real-life experiences - what worked well, what less well, the sort of techniques and ideas they’ve used to build revenue streams to support core services, and the skills and outlook that supported that success.
The Libraries Taskforce are running 2 free income generation masterclasses to share learning to date in this area. The programme is still being finalised and will be sent out to attendees but the emphasis will be passing on practical learning, and stimulating ideas through debate and sharing knowledge.
Who should attend?
These sessions are aimed at library service staff at all levels who are involved in identifying, developing, marketing and delivering income generating opportunities and services.
Registration from 9.30, for a 10.00 start.
Photo credt: Julia Chandler