The Centre is being created to advance understanding of the value of arts and culture in the UK and abroad.
It will synthesise existing research and bring together organisations and sectors with an interest in using evidence about cultural value in their work.
The Centre will be funded jointly by the Arts and Humanities Research Council (AHRC), Paul Hamlyn Foundation (PHF) and Arts Council England (ACE), with a major investment of around £2.5 million over five years.