Os Selos De Música Do Reino Unido Recebem US3.5 Milhões Do Governo Para Incrementar As Vendas Globais

U.K. Labels Receive $3.5M Government Funding to Boost Global Sales

British labels and musicians are set to benefit from £2.8 million ($3.5 million) in government funding to help them break into international markets.

Delivered by the Department for International Trade in partnership with labels trade body BPI, grants of between £5,000 ($6,000) and £50,000 ($62,000) will be available to independent labels, distributors and management companies to help promote British artists around the world.

Funding will be made available until 2020 with the first round of nominations opening on Oct. 10 via BPI’s website. The deadline for applications is Nov. 7 with successful applicants due to be announced in December.

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From 2014 to 2016, the Music Export Growth Scheme (MEGS) awarded £1.6 million ($2 million) in grants to over 100 homegrown artists, including Brit Award winners Catfish and the Bottlemen, Public Service Broadcasting, London Grime MCs Ghetts and Afrikan Boy and 2014 Mercury Prize winners Young Fathers.

They helped contribute to the U.K.’s success as the world’s second largest music exporter behind the U.S., with British artists accounting for almost one in almost every six artist albums sold worldwide in 2015, representing a record 17.1 percent share of the global market.

Five of 2015’s top-selling artist albums also came from U.K. acts, thanks to successful records by Coldplay, One Direction, Sam Smith, Ed Sheeran and, of course, Adele’s 25. Last year additionally saw British artists claim their highest-ever share of the U.S. artist albums market, when homegrown acts gained a record 17.6 percent share -- up from 12.2 percent in 2014, according to BPI figures.