New Fund Raises Millions for the British Music Industry

Photo by Brandon Wilson on Unsplash

A new fund created to provide opportunities for up-and-coming artists has managed to raise more than £13 million for the British music industry.

The Momentum Music Fund aims to empower up-and-coming artists from Britain and provides artists with grants of between £5,000 and £15,000 to help them cultivate and develop their talent.

The fund also aims to empower artists from backgrounds which are under-represented, and nearly half of the artists who benefit from this project are either black or Asian – two minority groups in Britain who are still under-represented in the media.

The money can be used for anything the emerging artist may need, such as to cover the costs of touring, equipment, recording and generating publicity.