Newsreels

£330k boost for music export scheme

Adele Redmond
1 min read

A grants programme to help UK music companies market their products and projects overseas has been given a £330,000 boost.

The Music Export Growth Scheme gives grants of £5,000 to £50,000.

The extra finance was announced this week as part of a package of measures in the Department for International Trade's (DIT) new 'Made in Britain, Sold to the World' campaign.

Museums will also benefit from new research around reaching international markets.

Minister for Exports Mike Freer said the UK's creative industries are "a force to be reckoned with" – music alone exported £519.7m last year.

DIT expects Asia to be the next big market for British cultural exports: "The region [is] set to be home to the 66% of the global middle classes by 2030, hungry for high quality British goods and services."