PRS FOUNDATION’S Momentum Music Fund has been renamed PPL Momentum Music Fund, to reflect a closer partnership with recorded music licensing body PPL.
The Fund was launched in 2013 and has provided grants of between £5,000 to £15,000 four times a year, to help emerging artistes with costs for touring, recording, marketing and promotion.
PPL has been a core partner of the fund since 2017, providing financial and wider support.
“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,” says PPL CEO Peter Leathem.
Joe Frankland, CEO of PRS Foundation, the charitable arm of performance royalty collection body PRS For Music, says, “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.”
As part of the new arrangement, PPL chief operating officer Christine Geissmar will join the PRS Foundation Board of Trustees, and PPL director of member services, Sarah Mitchell, will become an observer of the board.
The Fund has distributed an overall £3.7 million supporting 375 artistes, among them Years and Years, Kate Tempest, Ms Banks, Sam Fender, Anna Calvi, Novelist and Moses Boyd.
PPL also supports PRS Foundation’s International Showcase Fund, which provides grants of up to £5,500 to help export-ready artistes perform at music industry-oriented events overseas.