PPL and PRS for Music to invest in UK artists
The new partnership will support musicians that apply for funding through two initiatives, including grants to perform at SXSW 2017
Music licensing company, PPL has pledged to invest £200,000 per year in UK talent via a new partnership agreement inked with PRS for Music Foundation. The monies will support musicians that apply for funding through two of the Foundation’s initiatives: the Momentum Music Fund and the International Showcase Fund.
Together, the Funds have supported the development of hundreds of artists including Slaves, Everything Everything, Kate Tempest, Glass Animals, Wolf Alice, Ghetts, East India Youth, Little Simz, Ghostpoet and Julia Biel. This new partnership with PPL, combined with the contributions from all current partners, will allow PRS for Music Foundation to invest over £1 million per year in grants.
Commenting on the partnership, PPL’s Peter Leathem said, “We are very excited to be partnering with PRS for Music Foundation to provide financial and career development support to new talent. The Foundation has played a pivotal role in the success story of many UK artists and we hope that, with additional significant investment and involvement from PPL, we can jointly fund more records, more tours, and more great music.”
The Momentum Music Fund provides grants of between £5,000 and £15,000 to help talented English-based artists and bands at crucial points in their professional development, whilst the International Showcase Fund supports artists with grants of up to £5,000 as a contribution to travel costs, enabling them to perform at showcasing festivals and conferences, such as SXSW in Austin, Texas.
This news comes as the deadline approaches (28 November 2016) for funding applications to the International Showcase Fund to attend SXSW 2107. To find out more and to apply, visit: prsformusicfoundation.com/funding/international-showcase-fund/