AIM is a trade body established in 1999 to provide a collective voice for the UK's independent music industry.
AIM represents over 850 member companies, from the largest and most respected labels in the World, to small start-ups and individual artists releasing their own music for the first time. AIM promotes this exciting and diverse sector globally and provides a range of services to members, enabling member companies to grow, grasp new opportunities and break into new markets.
"In helping independent labels, AIM helps great music to flourish"
- Richard Russell, XL Recordings
The UK's independent music sector produces some of the most exciting and popular music in the World, and makes a huge contribution to the country's economy. AIM's 850+ members span every musical genre and every corner of the UK. They are a vibrant, entrepreneurial and diverse bunch who have one thing in common: the music comes first.
AIM oversees a sector whose artists have claimed six of the last ten Mercury Music Prizes and regularly accounts for 30% of all UK artist album awards (silver, gold, platinum). Artists signed to member labels include: Adele, Amadou and Miriam, Arctic Monkeys, Bon Iver, Bjork, Caro Emerald, Franz Ferdinand, Friendly Fires, Grimes, Netsky, Radiohead, Roots Manuva, Royksopp, The Prodigy, Queens of the Stone Age, The Strokes, The Walkmen, The White Stripes and thousands of others.
AIM's Board is elected democratically by members and regularly rotated, to ensure there is always a fresh and knowledgable group of experienced industry professionals driving AIM forward. Each month AIM's Board meet to discuss the issues affecting the independent music sector and AIM's many activities and initiatives.
We are very proud to have a Board that is accessible and responsive to our members. It is also important to us that the Board is representative of the wider membership, and we are pleased to note that Board members come from large and small companies, many different parts of the UK and all musical genres. They also span a wide range of ages, ethnicities and both sexes.
AIM has long campaigned for better access to finance for the independent music sector and this exciting initiative allows them to support new entrepreneurs by providing low interest loans and offering them training, advice and mentoring.
AIM will be responsible for assessing applications and can approve personal loans ranging from £1,000 up to £25,000 for business purposes, which can be paid back in 1-5 years. The average loan amount is £5,700 and is decided individually depending on a companies business needs. The interest rate is fixed at 6%.
Access to ‘business survival guides’ and training materials will also be part of any successful loan application as will be the opportunity to attend training days and workshops, take part in networking events with other new entrepreneurs, and gain access to a personal mentor who can offer advice about running a business.
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- AIM 10 MagazinePDF 2.64Mb 13/07/2009