NewsCase StudiesEvents

New export scheme to promote British music overseas now open for business

Also in the news...

Trade with the UK as a business based in the EU

If you run an EU-based business, check what your business needs to know to continue trading with the UK.

Safety and security requirements on imports and exports

Find out about new safety and security declarations that will apply from 1 October 2021 on goods leaving Great Britain (England, Scotland and Wales).

How to open a company in the USA while maintaining residence in Italy

It is one of the best ways for the Italian citizen to manage their business. This corporate vehicle allows access to multiple advantages of an advanced jurisdiction such as the US and also manages to maintain a low tax rate with very manageable levels of accounting and bureaucracy.

UK-ASEAN Joint declaration

Joint Ministerial Declaration on Future Economic Cooperation between the Association of Southeast Asian Nations (ASEAN) and the United Kingdom of Great Britain and Northern Ireland (UK).

DUBAI EXPO STARTS NEXT MONTH - AND IT'S NOT TOO LATE TO JOIN!

These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner

New export scheme to promote British music overseas now open for business

Back to News

UK Trade & Investment and BPI today opened up applications to a new Music Export Growth Scheme

UK Trade & Investment (UKTI) and BPI today (16 October 2013) opened up applications to a new Music Export Growth Scheme, offering £3 million in grants to small-to-medium-sized independent music companies to promote artists overseas.

Adele, One Direction, Coldplay, Florence + the Machine, Ed Sheeran, Mumford and Sons and Arctic Monkeys are just some of the world-beating UK artists who in recent years have helped to accelerate export sales of British music to over 13% of the global market – the largest share apart from the US.

The scheme will build on this British success story by supporting independent labels as they seek to catapult artists that are export-ready into overseas markets and has already prompted huge interest from within the independent music community since it was announced.

The Music Export Growth Scheme, funded by UKTI, the government organisation that supports UK business overseas, and run by BPI, the trade body that represents British recorded music businesses, will make available grants ranging from £5,000 to £50,000 to independent music companies to help them market British music overseas. The scheme is primarily targeted at artists who have achieved reasonable levels of success in the UK but are now looking to break through internationally.

Application forms are now available from the BPI’s website. The deadline for the first wave of applications is 18th November 2013.

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 first grants will be awarded by the end of December 2013. Further application rounds will take place periodically over the next 3 years, with the next one planned for Spring 2014.

Chief Executive for UKTI Nick Baird said:

From the classic era-defining sounds of the Beatles and Rolling Stones and such stadium-filling giants as The Who and Queen right up to the recent chart success of Adele, One Direction and Arctic Monkeys, British artists have a proud history of dominating the music scene around the world.

The success of these artists overseas contributes around £100 million to the UK economy annually and the Music Export Growth Scheme will help smaller music labels launch even more UK artists onto the international stage. This will help us reach our target of getting another 100,000 British businesses exporting – an increase which could add £36 billion to the economy.

BPI Chief Executive Geoff Taylor said:

British music is already incredibly successful overseas – 1 in every 8 albums sold around the world last year were by our artists, but even more can be achieved if our vibrant indie sector is supported in promoting break-through talent outside of the UK. Indie labels have helped to create a British music sector that is risk-taking, innovative and at the cutting edge of trends. This scheme will help us take a bigger share of the global market and get more of our artists to countries that have a voracious appetite for the great music that we make.

gov.uk

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.