Taking into account your organisational aims and objectives, resources and the sector influencing factors that will affect your touring programme, review the models outlined and identify the most suitable approach.
If you elect to use the partial cost recovery model, discuss and agree the percentage of total costs that you will aim to recover.
The partial cost recovery model is most commonly employed by UK organisations. This model requires the venue to partially subsidise the project. Currently, exhibitions touring between UK public venues rarely make a profit.
Monies to enable an organisation to tour will come from one or a combination of sources, including grants and sponsorship, hire fee income and core funds. For example an exhibition might achieve full cost recovery if it is fully subsidised by an external funder. Or full cost recovery might be realised through a combination of fundraising and hire fee income.
Budgetary practice varies significantly between individual museums and galleries, for example some organisations acknowledge all costs in their touring project budget, others only costs specific to touring e.g. packing and transport. How an organisation budgets, and allocates costs, can affect the model they are defined to be using i.e. the inclusion of fewer costs may appear to balance the budget. Organisations are encouraged to be aware of their budgetary practices and the real costs of touring.
