Amid all the arguments about the streaming economy and the music industry in the UK, a clear bright spot has been the Music Export Growth Scheme (MEGS), providing funding to promising emerging artists.
The scheme, which is a partnership between the British government and the music industry, has distributed £4.5m ($5.4m) since 2014. Industry body the BPI says that this has generated £55.5m in exports revenue from those artists.
Now the scheme has opened its latest (and 21st) round with another £500k to parcel out, with a deadline for applications of 2 September. It’s good news for our industry, which has periodically fretted that the government might lose its appetite for funding MEGS.
With alumni including Dave, Bicep, Wolf Alice, Rina Sawayama, Nina Nesbitt and Self Esteem, it’s well worth a look for emerging artists in the UK.
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