News

20 British acts split £250k in latest MEGS funding scheme


Tags:

The government-funded Music Export Growth Scheme (MEGS for short, which the child inside us wants to sit alongside other initiatives with the acronyms MOGS and OWLS) has had a positive impact for hundreds of British artists over 15 rounds. Well, call that 16: industry body the BPI (which runs the scheme, which is funded through the UK’s Department for International Trade) has just announced details of the 16th round.

20 artists are sharing £250k of funding, including some already-famous names: rapper Dave, indie band Blossoms and electro-pop group Ladytron. “This funding is even more important today with uncertainty around Brexit. MEGS now sees a return of around £12 for every £1 invested, highlighting the importance of UK music to our exports and the wider economy,” said the BPI’s director of international Chris Tams.

So far, MEGS has distributed more than £3.7m of funding for 242 successful applications over its (now) 16 rounds. Meanwhile, the application process for round 17 closes on 2 September, with details available here.

Stuart Dredge

Read More: News
Leave a Reply

(All fields required)