皇冠体育app

• Kemi Badenoch invites over 100 UK creators, innovators and exporters to a north London SME hub to promote thriving UK creating industries
• Announces 拢1.6 million in Music Export Growth Scheme funding to boost 67 artists from across the UK and support homegrown musical talent
• Scheme has promoted the careers of prize-winning artists and created a more than ten-fold return on investment for the UK

皇冠体育app UK鈥檚 creative industries will be able to build on recent trade wins to seize future opportunities and drive investment in the UK, thanks to new government efforts to promote British exporters announced today (Thursday).

Business and Trade Secretary Kemi Badenoch will host businesses for a meeting of the recently revamped Board of Trade at Tileyard, a creative industries hub in King鈥檚 Cross, London. 皇冠体育app site is home to 150 music studios and 175 businesses, including some of the UK鈥檚 cutting-edge music, tech, and film and TV exporters.

皇冠体育app Secretary of State will announce grants of 拢1.6 million via the Music Export Growth Scheme (MEGS) to boost British music exports. 皇冠体育app scheme supports small and medium sized music companies to build on their commercial potential by profiling their artists in overseas markets. 皇冠体育app uplift in funding 鈥� the biggest in the history of the scheme 鈥� will support 67 artists from across the UK.

In the past ten years, MEGS has supported the international careers of more than 300 British artists including Dave, Jungle, Rina Sawayama, Kae Tempest and 2023 Mercury Prize winners Ezra Collective. Through 22 rounds, MEGS has invested over 拢6 million in British music, leading to an estimated 拢55.5 million financial return to the UK economy and a return on investment of nearly 拢14 for every 拢1 received from Government.

Business and Trade Secretary and President of the Board of Trade Kemi Badenoch said:

SMEs are the cornerstones of our communities and the lifeblood of our economy 鈥� their success is Britain鈥檚 success and we are backing them all the way.

Whether it鈥檚 removing burdensome regulations, tackling access to finance or helping them to export overseas, my Department is working around the clock to help them grow their business.

I鈥檓 delighted we鈥檙e able to back more artists than ever before. I congratulate the successful acts and look forward to seeing them bang the drum for Britain across the globe.

皇冠体育app Board of Trade is one of the government鈥檚 highest profile advisory bodies on trade and economic issues. 皇冠体育app Board in an effort to boost British exports around the world, and is now comprised of CEOs from leading food and drink, education and creative industry companies including Sir Lucian Grainge, CEO of Universal Music, and Paul Golding CBE, Chair of Pinewood Group.

Building on the , today鈥檚 Board meeting will discuss how to break down trade barriers so UK exporters can sell more products and services around the world.聽

Culture Secretary Lucy Frazer said:

皇冠体育app Music Export Growth Scheme has been launching careers internationally for a decade, supporting聽more than 300 artists, including聽some of Britain鈥檚 most successful acts like Dave, Rina Sawayama and Ezra Collective,聽while generating more than 拢55 million for the economy.

Thanks to聽this latest round of funding - the biggest in MEGS鈥� history -聽the scheme will maximise the potential of a new generation of home-grown talent, as part of our ambitious plans to grow the creative industries by 拢50 billion and support one million more jobs by 2030.

Dr Jo Twist OBE, BPI Chief Executive said:

We鈥檙e delighted to announce the biggest round of MEGS funding to date, supporting close to 70 talented and diverse UK artists to take their careers to the next level - building new fanbases globally while boosting British exports.

At a time when UK artists face more competition than ever, we鈥檙e grateful to Government for its recognition of the scheme as an essential resource in enabling new British talent to break through on the global stage, while seeing excellent financial returns for music exports.

We only need to look at the success of artists that MEGS has supported over the last ten years to showcase its cultural and financial importance. 皇冠体育apprefore, it鈥檚 vital that Government continues its support to ensure the UK remains a global music power.

皇冠体育app Music Exports for Growth Scheme sits alongside other government work to drive the international success of our creative industries. DBT鈥檚 flagship International Showcase Fund, for example, is supporting a range of SMEs to attend world鈥檚 most prominent domestic and international events this year, including London Fashion Week, Cannes Lions, and South by South West (SXSW), which takes place in Austin Texas next month. Since 2020, MEGS has supported a total of 33 artists to perform at SXSW.

Today鈥檚 event comes during National Apprenticeship Week. As part of that, ministers and聽advisers will also meet companies who train apprentices at Tileyard, including Small Green Shoots, who work with young and disadvantaged people via apprenticeships in the music industry.

Today鈥檚 Board of Trade event will culminate in a celebration of UK innovation and creativity for over 100 businesses, marking one year since DBT鈥檚 formation as a government department. 皇冠体育app reception will feature a performance from George Bone, a singer singer-songwriter based at Tileyard.

Nick Keynes, Tileyard London Co-Founder, said:

Tileyard London is absolutely delighted to be hosting the first Board of Trade event of 2024 to help celebrate the 鈥榶ear of the SME鈥�. Tileyard is home to some of UK鈥檚 leading creative businesses, content creators, creative entrepreneurs and innovators, so we very much look forward to welcoming the Board of Trade and their many affiliates to our campus for this exciting initiative.

Our mission for the past 10 plus years has been to create an environment within which members of our community can build and grow thriving creative businesses, and our continued dedication to this is at the core of everything that we do here at Tileyard.

Notes to editors:

• Alongside the Board of Trade, the Department for Business and Trade provides a range of country and market specific support to exporters of all sizes. This includes the Export Support Service, Export Champions, International Trade Advisors and UK Export Finance, all targeted at getting businesses across the UK exporting more. Since the start of 2022, the department has resolved trade barriers estimated to be worth over 拢15 billion to UK businesses over a five year period. In 2023, this was equivalent to removing around 拢1 million of trade barriers every single hour.

Statistics:

• UK exports were 拢870 billion in the 12 months to end of November 2023, an increase of 拢44 billion (5%) in current prices compared to the 12 months to November 2022. Source:
• At the start of 2023 there were 5.5 million SME businesses (with 0 to 249 employees), 99.9% of the total business population. Source:

2.5 million people were employed in the UK creative industries between July 2022 and June 2023, of which 69% were employed outside London. Source: