Various policy analysts, politicians, and other persons have become increasingly intrigued by the potential that various cultural programs and initiatives may have in terms of economic development in their respective regions. This report, authored by John Holden on behalf of the Demos Group in London, examines the way in which government views the potential benefits of various cultural programs. In this 62-page report, Holden argues that arts and other such programs should be funded because of their cultural contribution to society, rather than for the increasingly popular reason given by many units of governance, which is that they can effectively deliver government policy. The report goes on to argue that government should move from a target-oriented, top-down approach to one that is more cognizant of the full range of values created by culture.