PPL, the music licensing company, has pledged to invest £200,000 per year in UK talent in partnership with PRS for Music Foundation.

The money will support musicians through the Foundation’s flagship initiatives, the Momentum Music Fund and the International Showcase Fund. Artists including Slaves (pictured above), Everything Everything, Kate Tempest, Glass Animals, Wolf Alice, Ghetts, East India Youth, Little Simz, Ghostpoet and Julia Biel have all benefited from support from these funds. 

PRS for Music Foundation claims that, with the partnership deal inked, it will be able to invest more than £1m per year in grants.

“I’m delighted that PPL will be partnering with us on two of our flagship talent development programmes which are increasingly important to artists working in independent music,” said Vanessa Reed, executive director of PRS for Music Foundation. “Both the International Showcase Fund and Momentum consistently receive high levels of strong applications. Thanks to this new partnership with PPL we will be able to reach and support more of those talented artists, increasing their chances of building a sustainable career and enabling them to take their music to audiences across the world.” 

PPL chief executive Peter Leathem commented: “PRS has played a pivotal role in the success story of many UK artists and we hope that, with additional significant investment and involvement from PPL, we can jointly fund more records, more tours, and more great music.

“With the November deadlines fast-approaching for the Momentum Fund and SXSW showcases, we would encourage acts to submit their applications to benefit from financial support that could make a huge difference to their careers both in the UK and overseas.”

The deadline for funding applications to the Momentum Music Fund is 15 November, while the deadline for the International Showcase Fund is 28 November.