18 November 2013 marks the first deadline for eligible music companies to apply for the BPI’s (The British Recorded Music Industry) Music Export Growth Scheme.
The initiative, funded by UK Trade and Investment (UKTI), will provide grants to small-to-medium independent music companies in order to financially support their marketing plans overseas. This is a brilliant opportunity for eligible PPL right holder members who have signed artists achieving success in the UK and are now looking to further their success internationally.
£3m has been invested in the scheme; and with grants ranging from £5,000 to £50,000, the BPI aims to solidly boost UK exports overseas for the next three years. The BPI’s Chief Executive Geoff Taylor explained:
"This scheme is a fantastic opportunity for British companies looking for that bit of extra help that might make all the difference when they are promoting their artists overseas. Many of our smaller labels punch above their weight when it comes to discovering and nurturing great new music, but it can be a real challenge for them to translate UK achievements into international success given the high costs involved."
To find out if your company is eligible and to apply, visit the dedicated BPI website page. Here, you can download an application form and read the top 10 frequently-asked questions. Once completed, email your application form to email@example.com along with any supporting documentation that details your plans to market artists internationally.
After the 18 November 2013 deadline, applications will be shortlisted and reviewed by a panel of music industry experts chaired by John Kennedy OBE. Please note, if you are unable to meet this deadline, applications to the scheme will take place periodically over 3 years, with the next round planned for Spring 2014.
Following on from this, the announcement of the first companies who have been awarded grants will take place at the end of December 2013. Marketing expertise will be provided by organisations throughout the process such as the Music Managers Forum (MMF) and the Association of Independent Music (AIM).
Alison Wenham, Chairman and CEO of AIM, commented: “This is a great opportunity to access additional funding for international touring, showcasing, and press and promo work." AIM members can seek help preparing their application and paperwork by emailing Alison at firstname.lastname@example.org. Representatives of independent record labels, the BPI and UKTI will also offer guidance and support.
Make sure to follow @ppluk and @TheBPI on Twitter for updates on the next round of applications to the BPI’s Music Export Growth Scheme, plus news about other support initiatives and events.