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£1.6 million Music Export Growth Scheme to support UK artists
to go global opens up to applications
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Funding criteria strengthened and due diligence process
beefed up to build on scheme's massive success
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Scheme has led to an estimated £73.5 million return to the UK
economy over the last eleven years
The Music Export Growth Scheme (MEGS) is back with a fresh round
of funding, giving UK artists the chance to take their music to
the world stage.
Backed by the Department for Business and Trade and the
Department for Culture, Media and Sport, MEGS has already
invested funding to the tune of £7.6 million, helping more than
450 British artists achieve global success.
As of today [December 3] £1.6 million is available for new,
independent UK artists ready to amp up and tour the world.
Previous recipients include world famous acts like Dave, Young
Fathers, Ezra Collective, Wolf Alice who have gone on to win the
most coveted prizes in music such as the Mercury Prize and Brit
Awards.
Business and Trade Secretary said:
Our first-class music industry is already the envy of the world,
but we are pushing to make it even bigger, giving artists the
tools to go global and export to all corners of the globe.
By helping artists break into new markets, we're amplifying
British creativity and driving growth for the entire music
industry.
As part of the latest round of funding, we are also strengthening
eligibility criteria to ensure the scheme remains the
gold-standard for supporting talent by improving the programme's
due diligence processes.
UK music exports are worth billions to the UK economy, and MEGS
delivers exceptional returns - nearly £14 for every £1
invested.
The £1.6 million worth of funding will promote the next British
act, following the well-trodden path of global stars whose music
is celebrated and enjoyed everywhere.
The scheme supports music companies to deliver high-quality
marketing and promotion campaigns for their artists to tour
abroad. It will also help the artists in attracting new
fans, boosting touring opportunities and revenue.
The creative industries sector in the UK is big business - worth
almost £125 billion to the UK economy and employing some 2.4
million people while there have been 23 rounds of MEGS funding –
generating £73.5 million in returns.
Notes to editors
For full details and to apply, visit: [cj1fi4zg33ls.optimytool.com/en/user/login]
UK-based music companies can apply for grants of £5,000–£50,000
to support international marketing, touring, and promotional
campaigns. The deadline for submissions is 15 December.
