PRSF

PRS for Music Foundation celebrates 15 years of funding

PRS for Music Foundation's executive director Vanessa Reed reflects on the charity's 15 year anniversary and let's us in on what's in store for the UK's largest funder of new music in 2016...

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  • By Paul Nichols
  • 21 Dec 2015
  • min read
The Foundation’s 15th anniversary is an opportunity for us to celebrate the 5,200 fantastic new music projects involving tens of thousands of UK based songwriters and composers that we’ve supported since we were established in 2000. The quality of the music we’re funding continues to demonstrate the extraordinary talent of those writing and composing music in the UK, with half of the Mercury Prize nominees, 10 of the MOBO Award nominees and six composers shortlisted for British Composer Awards having benefitted from our support in recent years.

In 2015 we continued to add value to PRS for Music’s donation by levering an additional £2 for every £1 donated. Some schemes, such as our Momentum Talent Development Fund, in partnership with Arts Council England, have generated exceptional business outcomes, with a 746 percent return on investment for a sample of bands who have completed their funded activity.

Looking forward to the next 15 years, we will continue to build upon the vital support we are proud to give songwriters and composers of all backgrounds by recognising the help that music creators need in an ever-evolving industry and by responding with the right form of support.

On that subject, watch out for two new initiatives that we’ll be launching in the New Year to help composers develop their career and encourage orchestras to promote more of the brilliant UK repertoire that deserves to reach a broader audience. To learn more, visit our website prsformusicfoundation.com, sign up to our newsletter and follow us on twitter @prsfoundation.