Scottish museums’ finances are ‘more fragile than ever’

This article was first published by the Museums Association.

Museums and galleries in Scotland are in a more fragile financial position than ever despite a surge in visitor numbers, new research has revealed.

A survey commissioned by Museums Galleries Scotland (MGS) has found that around three quarters of the 114 respondents faced a real-terms decrease in their income in 2023/24.

This comes amid rising costs, with almost two-thirds of respondents (63%) reporting that they had seen an increase in their expenditure over the same period.

Museum reserves are also depleting, according to the report. The percentage of museums reporting that they had more than 12 months’ reserves fell to 36%, compared to 43% when the previous survey was taken in 2022. Meanwhile, the proportion of museums saying they had reserves of less than four months grew from 24% in 2022 to 28% in 2024.

A growing number of museums may be under threat of closure, the report found, with 11% reporting that they felt their organisation is at risk of closure in the next 12 months. This compares to 10% in the previous survey.