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British music hits the high notes with government funding

British music companies behind some of the UK’s most hotly-tipped artists will receive Government funding to support the promotion of the nation’s music around the world.

Liverpool band The Wombats are amongst the artists signed to independent labels who will benefit from funding being made available through the Music Export Growth Scheme.

The Music Export Growth Scheme has been established by UK Trade & Investment (UKTI) and the BPI (British Recorded Music Industry) to help small and medium-sized independent music companies increase international sales.

UKTI chief executive Dominic Jermey said: “The British music scene is brimming with talent and around the world UK acts are helping to sell out festivals this summer, from London Grammar at South by South West in the United States to Portishead at Melt! in Germany to Tom Jones back home at the British Summer Time festival.

“Through the Music Export Growth Scheme we are helping a new generation of upcoming British talent to capitalise on this success and make their mark in countries around the world, bringing jobs and growth to the UK economy.”

The announcement comes as new figures released by the BPI show that independent companies continue to enjoy great success in the recorded music market.

In the first half of this year, independent artists accounted for more than a quarter of all album sales, up 2% year-on-year on the 2013 figure. This follows on from a strong year for independent repertoire in 2013 where the share of album sales from indie labels tallied 25.1% - the sector’s highest level in many years - thanks to the popularity of acts such as Arctic Monkeys, Passenger and London Grammar.

Clive Drinkwater, regional director, UKTI North West said: “The North West – including Liverpool of course – has a strong creative sector, and a proud history of producing great music, so I am delighted that The Wombats are one of the acts that will benefit from the Music Export Growth Scheme.

“UK music is popular around the world, and it isn’t just the huge names with major labels that can find an audience overseas. The Music Export Growth Scheme will help more artists from the independent sector to grow and to find fans worldwide.”

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