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UK Government Boosts Music Industry with £30 Million Investment

The UK Government has unveiled a new Creative Industries Sector Plan, emphasizing the importance of the creative industries as a key sector for economic growth. The plan aims to boost business investment in the creative industries, particularly in music, with a targeted increase from £17 billion to £31 billion.

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As part of this strategy, the music industry in the UK is set to receive a significant £30 million investment over the next three years to support emerging artists. Additionally, a new ticket levy on arena events will be introduced to fund grassroots music initiatives, demonstrating a collaborative effort between the industry and the government to nurture talent.

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One of the key initiatives highlighted in the plan is the government’s support for an industry-led agreement on music streaming. This initiative is designed to enhance earnings for creators, including songwriters and composers, addressing long-standing concerns about fair compensation in the digital music landscape.

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Recognizing the importance of music education, the government has announced the establishment of a National Centre for Arts and Music Education in England, scheduled to open its doors in September 2026. Furthermore, revisions to the national curriculum will integrate creative subjects and skills to inspire and cultivate the next generation of artistic talent.

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To advocate for the significant portion of freelance workers in the music and arts sectors, a new Freelance Champion will be appointed to the Creative Industries Council. This move aims to provide a voice for the 72% of workers in these industries who operate as freelancers or are self-employed.

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Another innovative development is the creation of a Creative Content Exchange, a digital marketplace for trading, licensing, and accessing creative assets. The Ivors Academy has emphasized the importance of ensuring that this exchange prioritizes creator consent, control, and fair compensation, placing music creators at the forefront of this new platform.

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Roberto Neri, CEO of The Ivors Academy, commended the government’s investment in the music industry, the commitment to music education, and the progress towards a fairer streaming agreement. These initiatives underscore the government’s recognition of the cultural and economic value of music and signal a concerted effort to enhance support for music creators.

Looking ahead, as the Creative Content Exchange takes shape, it will be crucial to uphold principles of creator consent and fair compensation to ensure that the platform benefits those who create music and are integral to its future success.

In conclusion, the government’s plan to bolster the music industry through investment, education reform, and streaming initiatives reflects a broader commitment to nurturing creativity, supporting artists, and driving economic growth in the evolving landscape of the music industry.

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