Applications now open for Music Export Growth Scheme funding
The BPI, the trade association for the UK’s record companies and labels and the representative voice of British recorded music, today announces that applications are open for the latest (26th) round of Music Export Growth Scheme (MEGS) funding.
Applicants will be able to register and submit applications at this link, and the application window will close at 23:59 on the 7th of September.
Developed and administered by the BPI, MEGS boosts music exports by supporting small-to-medium-sized, independent UK companies as they build the commercial profile of their artists in key markets internationally. It is a successful partnership between industry and the UK Government with joint funding received from the Department for Business, Innovation, Science and Trade (BIST) and the Department for Culture, Media & Sport (DCMS) alongside investment from the UK recorded music industry, which on average contributes 64% of total spend.
As international touring costs rise and global competition intensifies, MEGS is essential both to British SME music businesses looking to break new talent on the global stage, and to artists aiming to build their audiences internationally. To date, the scheme has supported the international careers of more than 514 British artists including Rina Sawayama, Self Esteem, Jungle, Young Fathers and Kae Tempest, alongside multiple BRIT Award winners including Dave, Ezra Collective and Wolf Alice.
MEGS has invested over £9.2 million in British music, leading to an estimated £81.5 million financial return to the UK economy and a return on investment from completed rounds of nearly £14 for every £1 received from Government.
More information on eligibility and the application process can be found here.