From the third round seven artists signed to AIM Members secured MEGs funding out of a total of 15 successful applicants.
The seven artists and their AIM member labels are:
- Dry The River (Transgressive Records)
- Fearless Vampire Killers (Goremount Records)
- Fink (Ninja Tune)
- GHETTS (Disrupt Ltd)
- Max Cooper (FIELDS)
- Smoove & Turrell (Jalapeno Ltd)
- Waylayers (Alcopop Records)
Alison Wenham, Chairman of AIM said, ‘Once again the Music Export Scheme has recognised AIM members’ dedication to great and distinctive A&R from a wide selection of genres.’
Overseen by UK Trade & Investment (UKTI), the Government organisation that supports UK business overseas, and the BPI, with input from a range of industry organisations, MEGS offers small and medium-sized music companies with the potential to achieve increased international success, the opportunity to apply for grants.
There will be four rounds of funding this year giving companies the opportunity to secure access to finance ranging from £5,000 to £50,000. These awards will support their marketing overseas and the promotion of specific artist releases. MEGS will make up to £2.5m of grants available over the next two-and-a half-year period – with the potential for further funding following the scheme’s first annual review. Applications are open to all UK independent record labels and music management companies meeting the application criteria. Decisions on individual awards are made by a panel of music industry experts from organisations including AIM, The Music Managers Forum (MMF), and the BPI among others.