The Music Export Growth Scheme supports small to medium-sized music companies by awarding grants of £300,000 to artists in order to build the profile of the artists in overseas markets. This latest round of the scheme, run by the BPI, is funded through the Department for International Trade (DIT) and the Department for Digital, Culture, Media & Sport (DCMS). This year, the recipients of the grant are:
Alfie Templeman
BABii
Black Country, New Road
Eloise
Employed To Serve
Far Caspian
Gunship
Idles (pictured)
John Smith
Max Cooper
Poppy Ajudha
Puma Blue
Sainté
Snapped Ankles
Strawberry Guy
The Anchoress
Theon Cross
Violet Skies
Walt Disco
Yard Act
British music is undeniably a global export, 1 in 10 songs streamed globally are produced by British artists. But this number is not as high as it used to be. In 2015 the UK’s share of the global market was at 17%, now that has slipped to 10% today. This scheme is here to allow some smaller British artists to achieve their full potential overseas, by giving larger access to equipment, licensing, travel, and any other aspects of a band’s routine that allow their music to be heard in other countries. In 2020, the scheme generated £36 million in revenues. Put another way, for every £1 put in by the government, the artists generated 12x that amount. Geoff Taylor, the chief executive of the BPI, backs this by saying “The UK punches well above its weight as the largest exporter of music in the world after the US”.
In regards to boosting the UK’s music scene after covid, Taylor said “Labels continue to invest very heavily in developing new talent and they’re working on new ways to get artists out there. As an industry, we are working on new ways to bring new music to fans, but there’s no doubt it’s harder under a Covid environment.” He adds, “MEGS funding provides a crucial avenue for UK artists to invest early and develop audiences in markets that are traditionally expensive to break. For years, Idles’ renowned live show has been in demand across LATAM, and this support helps us meet that demand with genuine marketing and promotional activity and continue to grow their profile”.
Mike Freer MP, Minister for Exports at the Department for International Trade (@tradegovuk) praised the UK music industry, and reiterated the ambition to grow British music.
Read the story in full https://t.co/yY9GjZgxL6 pic.twitter.com/LPeDHhUhGD
— BPI (@bpi_music) November 18, 2021
The scheme tries to cover as much popular music as Britain has to offer. IDLES, Black Country – New Road, Yard Act, and Snapped Ankles all fall under the ever-increasing brand of Post-Punk. Eloise, BABii, and Sainté are all making moves in the realm of British Pop. Acts like Strawberry Guy and Gunship also offer their own takes on folk and synthwave that also prove that British music comes in many, many forms.
