MORE Indie Invaders / POSTED BY: KINGSOFAR

The British record industry is calling on the Government to extend its research and development tax-credit scheme to music companies, to try to help it keep the UK at the forefront of the global music scene.

The BPI – record industry’s trade body – argues that the music sector spends a bigger proportion of its profit on R&D than the aerospace, motoring and defense sectors put together. Yet it does not qualify for any of the financial support from the Government like other sectors.

Peter Jamieson the chairman of BPI said the music industry spends 200 million+ a year on developing new talent such as Corinne Bailey Rae, one of the biggest new British acts. He said that such levels of investment were on a par with the pharmaceutical sector.

“We believe the time is right for government, together with industry, to consider closely a tax-credit regime for A&R [artist and repertoire], which is the music business’s research and development,” he said. He also said that the music industry’s £200m a year spend on R&D makes an enormous contribution to the British economy. He said music industry sales generated £300m of VAT revenues alone for the Government last year

It’s worthy a try.

Twitter
Facebook
Newsletter
Recent Posts
  • Estella Dawn Channels Raw Emotion on Bold New Single “Reckless”
  • Bad Bunny’s Super Bowl Halftime Show: Culture Clash or Cultural Progress?
  • Haley Grace Debuts With Heartfelt Single “Kiss Me Before You Go”
  • Braylin Bursts Onto the Scene With Debut Pop Single “Achoo”
  • Abbie Anne Unveils Emotional New Ballad Ladder Called Life
  • Alyssa Caroline drops new single “Fire To Ash”
  • Lauren Presley Channels Early Avril Lavigne on New Single “Trade Secrets
  • Komanii – Last Days of Summer EP
  • Natalie Shay Drops Uptempo Pop Single “Do u relate?”
  • Estella Dawn Stands Tall in New Single “I Like It Rough”
  • Angela Chambers Unleashes The Key, A Haunting Journey Through Toxic Love and Freedom
  • Carson Cruz Releases New Single “Private Fool”
  • “There Is Hope” Marks the New Release from Sassy Grace
  • New Artist Feanah Rose Releases First Single “Don’t Leave Me”
  • stella. Drops the new single “Heimlich”
  • Winter Andrews Releases “All That Glitters” Ahead of Debut Album ’til the moon fades away
  • Selina Gin Releases New Single Oh My Heart
  • Shelita Releases New Single Fade Ahead of Upcoming Album
  • Nick Howe Releases New Single Airplane Mode
  • Estella Dawn Reinvents “Skinny Love” with Cinematic Dark Pop Magic
  • Sisters Unveil Haunting Debut “Sweetness of Things”
  • Malachi Mize Brings Hope and Healing with Debut Single “Until Next Time”
  • Alanna A. Love Releases Debut Single “Running Away”
  • Jaya Kellogg Drops Addictive Debut Single “Background Noise”
  • SolyMar: gen.wav & KHR!S João Blend Latin Soul and Electro Vibes in Debut Collab Album
  • ZØYA Returns with Mid-Tempo Anthem of Strength and Self-Worth
  • Estella Dawn Drops First Original of the Year with “Move Down Lover”
  • Louis Torre Finds the “Silver Lining” in New Alt-Pop Single Ahead of Debut Album
  • Ronnie Sets Sail with “Yacht Club,” a Roots-Infused Americana Pop Gem
  • Ava Della Pietra Returns With Haunting Pop Single “2 can play”
  • Follow

    Home

         

    About

         

    Contact

         

    Daily Readership

    Copyright 2025 Kings of A&R     Website Design by PaleBird