The subsidised arts are the entry point for many of our leading lights in the creative industries, and of course the creative industries themselves, including the arts, are one of the fastest growing sectors in the UK economy, accounting now for one in 12 jobs.
Theatreland is (appropriately) always a dramatic place, but even by industry standards 2012 was a particularly eventful year. The Queen's Jubilee and the triumphant Olympics and Paralympics meant all eyes were on the UK, and of course London.
Today, more than ever, businesses need to develop a common purpose when it comes to arts funding, because if business is the bedrock of civilisation, then the arts are the fruits of civilisation, and they must be nurtured.
You hear it said that times of cuts are good for culture: 'talent will out'. But we do not live in an equal world. If we lose the best efforts of the last decade to counter inequality, we will lose access to the creative vision of half the population. And what a loss of creativity that would be.