The PRS Foundation have released a report into the PPL Momentum Music Fund, marking the scheme's 10th anniversary. Over the course of ten years, the fund has distributed over £5.2 million to more than 500 artists across the UK, resulting in a significant impact on the music industry. Beneficiaries of grants include famous names like Little Simz, Sam Fender, and Years and Years.
The report finds that PPL Momentum Music Fund’s support has generated £22 million for the UK music industry, benefiting 526 artists and contributing to the creation of 275 albums, including Mercury Prize-nominated releases and chart successes. The fund has supported over 300 UK tours and more than 1,600 live performances. The report also suggests that with over 7,300 applications received and a 7% success rate, the fund has played a crucial role in supporting artists' careers and developing a thriving music scene in the UK.
The report highlights the fund's positive impact, with survey results from the grant recipients showing that:
- 94% of recipients felt the grant came at the right time
- 80% reported creative development
- 83% believed it aided in sustaining their music careers
- 81% agreed the fund supported ethnically diverse artists
- 87% supported women artists
- 67% backed gender expansive artists.
Four new recipients of the PPL Momentum Fund were also announced: Dead Pony, Deijuvhs, Jealous of the Birds, and Shy One.
Launched in 2013, the PPL Momentum Music Fund and its partners have been supporting emerging talent in various music genres across the UK. The fund offers grants of between £5,000 and £15,000 to aid artists in recording, touring, and marketing.
You can read the full report and find out more about the PPL Momentum Fund on the PRS Foundation website.