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British music industry body the BPI has announced the latest round of funding from the MEGS (Music Export Growth Scheme).

It’s the 21st round since the initiative’s launch in 2014, combining funding from the industry and the government. More than 300 artists have received grants so far, including 28 sharing £500k in the latest round.

Knucks (who we recently featured in our Behind The Campaign profile), The Mysterines, Will Joseph Cook, New Pagans and Dry Cleaning are among the artists benefitting this time round.

Alongside the announcement, the BPI is pressing its case for the government to continue (and perhaps even increase) its commitment to MEGS.

Its pitch: “While the UK’s recorded sector has in recent years succeeded in growing export revenues, accounting for 1 in 10 global streams, the UK’s share of the global market has slipped from 17% in 2015 to 10% today.”

Music Ally’s next Learn Live webinar will help you build the strategies for artists to thrive in new international markets!

Music Ally's Head of Insight

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