Thursday, 26 May 2016

PRS Foundation grants for emerging taent generate revenues

The PRS for Music Foundation says that its International Showcase Fund (ISF) has delivered a nearly nine-fold return on investment since 2013. The ISF, organised by a charitable foundation and run by the UK’s Performing Rights Society (PRS for Music), makes available up to £5,000 for travel, visas, accommodation and per diems for emerging British artists travelling abroad to play showcase festivals, and has invested in acts such as Slaves, Little Simz, Kate Tempest, Everything Everything, Ghetts, Jake Isaac, Wolf Alice and Dan Croll. According to the International Showcase Fund: Impact Report 2013–16, every £1 invested by the fund in the last three years has generated on average an additional £8.90 for its beneficiaries.

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