PRS Foundation initiative generates £22m for UK music industry

A grant scheme run by PRS Foundation has generated more than £22m for the UK music industry over the past decade, an evaluation report has found.

To mark a decade of its PPL Momentum Fund, a new report commissioned by PRS Foundation details how it has helped musicians including Little Simz, Sam Fender and Kae Tempest.

Launched in 2013, the fund has awarded more than £5.2m to artists across the UK.

The fund provides "career-boosting grants" of between £5,000 and £15,000, and is targeted at a pivotal time in the creative and business development of artists.

The report reveals that almost half of grantees are of Black, Asian or other ethnically diverse heritage, and more than half of grantees are based outside London.

Joe Frankland, CEO at PRS Foundation, said that 10 years of the fund was a "fantastic milestone".

He added that the fund has been "a vital stepping-stone for so many incredible artists who have gone on to top the charts, sell out shows around the world and scoop multiple music awards".