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Business News Management & Funding
New EU-backed funding scheme aims to “nurture a more diverse and sustainable music sector in Europe”
By Chris Cooke | Published on Friday 23 June 2023
A new pan-European initiative has launched, co-funded by the European Union, which aims to, and I quote, “nurture a more diverse and sustainable music sector in Europe”.
Around €4 million of grants will be made available to 90 music companies and organisations, with three areas of focus: music export, music venues and digital engagement.
Organisers of the scheme, which is called LIVEMX, say that the programme is “designed to address very specific needs within the European music ecosystem”.
With three rounds of funding planned, music professionals will be encouraged – organisers add – “to take a leading role to respond to immediate challenges of the sector. In the wake of the COVID-19 pandemic, challenges such as cross-border mobility of musicians and sustainability in the industry require a vision that involves all stakeholders”.
The initiative is being led by Live DMA, the pan-European organisation for the live music sector; EMEE, which brings together music export offices from across Europe; and consultancy business INOVA+.
They plan to initially undertake some research to inform how the LIVEMX scheme will work, with the first call for funding applications due to begin later this year.
