fbpx

PROFILE

MY SUBSCRIPTION

LOGOUT

x

The latest industry news to your inbox.

    

I'd like to hear about marketing opportunities

    

I accept IQ Magazine's Terms and Conditions and Privacy Policy

news

£2.8m for UK acts under new Megs scheme

DIT and BPI's rebooted Music Export Growth Scheme will award grants of between £5,000 and £50,000 to up-and-coming UK talent to assist in building their global presence

By IQ on 10 Oct 2016

Van McCann, Catfish and the Bottlemen, Chloe Chaplin

Van McCann of Megs beneficiaries Catfish and the Bottlemen


image © Chloe Chaplin

The UK’s Department for International Trade (DIT) is to make available nearly £3 million to emerging British talent to export their brand internationally.

Under the Music Export Growth Scheme (Megs), relaunched in partnership with the British Phonographic Industry (BPI), independent British music companies will be eligible for grants, ranging from £5,000 to £50,000, to help their acts break into overseas markets. The total fund stands at £2.8m.

The previous Megs, which ran from January 2014 to March 2016, saw more than £1.6m awarded to a number of now-household names, including Brits 2016 winners Catfish and the Bottlemen, the Mercury Prize-winning Young Fathers and London grime MCs Afrikan Boy and Ghetts.

“Megs will champion the incredible raw talent that we have to offer by giving the support and financial backing many artists need to take that next step”

International trade minister Mark Garnier says: “UK music has a long history of inspiring millions across the world and influencing generations of artists. We are the second biggest exporter of music in the world and one in every six albums sold globally belongs to a British act.

“From the Beatles to Skepta, British music is part of the very fabric of our nation and heritage. Our Music Export Growth Scheme will champion the incredible raw talent that we have to offer by giving the support and financial backing many artists need to take that next step.”

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

Leave a Reply

Your email address will not be published. Required fields are marked *