Coordinated by the BPI, UK Labels and streaming services have come together to provide a £1.5 million hardship fund for struggling musicians due to Covid-19.
UK arms of Labels such as Universal, Sony and Warner Music have contributed to the cause, as well as the BRIT Awards, Amazon Music, PPL and independent labels Cherry Red and Demon Music Group.
While a majority of the funding (£1.25m) will go directly to Help Musicians, enabling the organisation to help more musicians in need of immediate financial help, the remaining amount will be set aside for support through other channels such as the Grassroots live sector and wellbeing charities.
James Ainscough, CEO Help Musicians, said: “Musicians’ continuing need for emergency financial relief saw the Coronavirus Financial Hardship Fund surpass 17,000 applications in two weeks. It is only thanks to the generous input of the UK’s record labels, streaming services, BRIT Awards and PPL, as co-ordinated by the BPI, that we are able to process these applications and support many more musicians over its original £5m target. This incredible donation will allow us to help a further 2,500 musicians facing immediate crisis and provide essential support to those in need.
Help Musicians has worked hard to make a meaningful difference to the lives of musicians for nearly 100 years. Our work has never been more vital or relevant and it is only though partnership and collaboration from many in the music industry that we are able to make the biggest possible difference at this crucial time.”