New Music Export Scheme Open To Independent Music SMEs
The Music Export Growth Scheme is making grants available to independent music companies to help them market overseas
UK Trade & Investment (UKTI) and the British Recorded Music Industry (BPI) have opened up applications to a new Music Export Growth Scheme, offering £3 million in grants to small-to-medium-sized independent music companies throughout the UK to promote artists overseas.
Adele, Coldplay and Mumford and Sons are just some of the world-beating UK artists who in recent years have helped to accelerate export sales of UK music to over 13 per cent of the global market.
The scheme will build on this success story by supporting independent labels as they seek to catapult artists that are export-ready into overseas markets.
Funded by UKTI and run by BPI, the scheme will make grants available to independent music companies ranging from £5,000 to £50,000.
It is primarily targeted at artists who have achieved reasonable levels of success in the UK but are now looking to break through internationally.
Applications which are successfully shortlisted will then be reviewed by a panel of music industry experts, chaired by John Kennedy OBE, with marketing expertise from organisations including the Music Managers Forum (MMF) and the Association of Independent Music (AIM) as well as representatives of independent record labels, BPI and UKTI.
The deadline for the first wave of applications is Monday 18 November 2013. The first grants will be awarded by the end of December 2013. Further application rounds will take place periodically over the next three years, with the next one planned for Spring 2014.
You can find out more about the scheme and access the application form on the BPI website.
Source: nibusinessinfo.co.uk
