PRS Foundation’s flagship funding scheme, the Momentum Music Fund, has been renamed the PPL Momentum Music Fund.
This reflects a closer partnership between PRS Foundation and the music licensing company, PPL, in supporting new music. PPL has been a core partner for the Fund since 2017, providing financial support and industry expertise whilst working collaboratively with PRS Foundation on joint events and promotional activities to engage new applicants.
The Momentum Music Fund started in 2013 and now offers grants four times a year to enable talented UK artists to take that vital next step in their careers, be it through recording an album, touring, or marketing and promotion.
The newly named PPL Momentum Music Fund – which has helped develop the careers of some of the UK’s most exciting up and coming artists such as Years and Years, Kate Tempest, Ms Banks, Sam Fender, Anna Calvi, Novelist, and Moses Boyd – will continue to provide grants of £5,000 to £15,000 to artists. Since 2013, the Fund has supported 375 artists with £3.7 million pounds, nine of whom have been nominated for the Mercury Prize. 160 albums have been associated with Fund, while 260 UK tours have been made possible.
As part of the new arrangement, PPL’s COO, Christine Geissmar, will join the PRS Foundation Board of Trustees, whilst PPL’s director of member services, Sarah Mitchell, will become an Observer of the Board.
Peter Leathem, CEO of PPL, said: “We are very proud to be putting our name to the Momentum Music Fund, a scheme that, since 2013, has supported some of the most inspirational rising talents in the UK. Seeing these acts produce work of such high quality, with the help of PRS Foundation, has encouraged us to become increasingly involved with the Fund. We cannot wait to see the work that funded artists will produce in the future, and we thank PRS Foundation, all of the Fund’s supporters, and, most importantly, the artists themselves for helping to make the Fund what it is today.”
Joe Frankland, CEO of PRS Foundation, added: “We’re delighted that PPL has increased support for Momentum. This is a strong endorsement of the ground-breaking Fund and the impact it has had over the past seven years. We’ve enjoyed working closely with the PPL team through industry funds and events, and this feels like a natural next step to accelerate the careers of shared PPL and PRS for Music members across the UK.”
Stuart Clarke of Goodlife, and manager of the Momentum-funded band ‘Sports Team’ said: “The Momentum Music Fund was an invaluable tool for us at an early stage of Sports Team’s career, enabling us to scale things up around the project while keeping the band independent. It’s fantastic news that PPL is increasing its support for this essential fund.”
You can find a full rundown of all the artists supported by the Fund here.
The next deadline for applications to the PPL Momentum Music Fund is February 10, 2020, through the PRS Foundation website. PRS is particularly interested in receiving more applications from outside of London. You can apply here.