Independent music companies
receive export help
UK-signed music acts are receiving financial support to help market themselves internationally under the Music Export Growth Scheme.
The success of UK music acts has helped the country acquire 13% share of the global music sales market, and the Music Export Growth Scheme established by UK Trade & Investment (UKTI) and the British Phonographic Industry (BPI), is designed to continue this success by helping small and mid-sized independent music companies promote their artists overseas.
The first 14 acts, who include Derbeyshire rock band Drenge and Holy Mountain from Scotland, have been selected to receive help out of 118 applications. The supported acts are drawn from different genres and parts of the UK including London Glasgow, Sheffield, Wiltshire, Leeds, Nottingham and Monmouth in Wales.
The decision to allocate funding to a specific campaign was taken by a panel of music industry experts, independently chaired by John Kennedy OBE, with advice and guidance provided by BPI, UKTI, the Association of Independent Music (AIM), the Music Managers Forum (MMF), and representatives from some of the UK’s leading independent record labels.
John Kennedy, Music Export Growth Scheme Board Chairman, said: "This is a wonderful opportunity for emerging artists and growing independently-owned music businesses.
“It is now important that the successful applicants maximise the return from the funding they receive in order to justify the belief shown in their project and the commitment made."
The scheme, funded by UKTI, will make up to £2.5 million of grants available over a two and a half year period.
Further application rounds will take place periodically over a two and a half year period. Applications are open to all UK music companies meeting the application criteria. Full details can be found at http://www.bpi.co.uk/export-scheme.aspx