A fund launched by the Department for International Trade to help British artists export is set to be extended.
Talented artists from the British music scene are benefiting from long-term government investment through the Department for International Trade (DIT) throug hits Music Export Growth Scheme (MEGS).
The scheme, now in its fourth year and managed by UK labels association the BPI, supports small UK music companies by contributing to their artist marketing campaigns and promotional touring overseas.
In this latest (12th) round of funding, 20 British acts have received grants totalling £294,583 to help fund their projects across Europe, North America, Asia and Australia.
Artists to benefit include alt-pop singer JONES, Scottish singer-songwriter Nina Nesbitt, Liverpool’s MiC LOWRY (who previously supported Justin Bieber on tour), Brighton all-female rock band Dream Wife, punk revolutionaries Frank Carter & The Rattlesnakes, the Mercury Prize shortlisted Editors and acclaimed London indie group Shame.
Since its launch in January 2014 the Music Exports Growth Scheme has distributed over £2.6m in response to 178 successful applications to support a diverse range of artists drawn mainly from the indie community.
The scheme has seen a return of over £10 to the UK economy for every £1 invested. Half of the investment (50%) has supported touring and other promotional activity in the US, followed by Germany (10%), France (5%), The Netherlands (4%) and Belgium (3%).
Minister of state for trade and export Ppromotion, Baroness Fairhead, said: “The UK is a world leader in music exports and is recognised for its exceptional home-grown talent around the globe. Through the music exports scheme, we help to nurture musicians of the future to explore new global markets.
“This department is determined to help the best of British talent to export their work to the rest of the world. That is why we will continue to provide a variety of support such as trade missions, our award-winning credit agency, UK Export Finance, and GREAT.gov.uk to those artists looking to break into overseas markets.”
Chris Tams, BPI director of international overseeing the MEGS programme, said: "The Music Exports Growth Scheme gives a diverse range of talented British artists the opportunity to grow their fanbase in key international markets through touring and marketing support.
"In the process, it helps to promote the profile of British music overseas and, crucially, helps to boost our exports with a return on investment to date of over £10 for each £1 put in by the UK Government.”
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