The Featured Artists Coalition announces a UK Artist Touring FundOFFICIAL PRESS RELEASENEWS PROVIDED BY Featured Artists Coalition • Developed with the Musicians’ Union and Music Managers Forum, the UKAT Fund will act as a vehicle to distribute artist-allocated revenues collected by the recently-launched LIVE Trust • It will allow bands, solo artists and artists who perform as DJs to apply for financial support for grassroots shows • In doing so, it aims to boost artist development, audience engagement and sustain the wider live music supply chain • The UKAT Fund is also open to receive donations and commercial funding from those who wish to channel funds directly to support artists The Featured Artists Coalition (FAC) has established a UK Artist Touring (UKAT) Fund to ensure revenues allocated for grassroots artists from a new ticket contribution on large-capacity live events can be effectively and transparently distributed. Founded in 2009, the FAC is the UK’s only representative body specifically focussing on the rights and interests of artists, with an elected board of artist directors. Today’s announcement follows the recent launch of the LIVE Trust, a new industry-supported charity set up to receive and administer proceeds from a voluntary £1 ticket donation on UK stadium and arena shows over a 5,000 capacity. Following Government-backed recommendations by MPs on the Culture Media & Sport Committee, this revenue will be used to help mitigate the “cost of touring crisis” in grassroots live music. Since artists are the sector’s biggest employers, with responsibility for paying their wider teams and partners, their financial situation is particularly acute. In a recent survey of 1,500 independent artists by Ditto Music* 84% of UK-based respondents said they could not currently afford to tour. The UKAT Fund will connect directly to the LIVE Trust, and act as a vehicle to receive and distribute donations to artists. Through a transparent application process, open for artists, DJs and other music performers, the fund will help reconcile and bridge short-falls in touring budgets - stimulating new economic activity that will help develop artist careers and attract new audiences. The initiative has been developed in partnership with the Musicians’ Union (MU) and the Music Managers Forum (MMF), ensuring that session musicians and managers will also benefit fairly and appropriately from funding. Additionally, the UKAT Fund will be open to receive one-off donations and commercial support for those who wish to invest directly in UK talent. Further details can be found at: www.thefac.org/UKATFund David Martin, CEO, Featured Artists Coalition:
Annabella Coldrick, Chief Executive, Music Managers Forum:
Naomi Pohl, General Secretary, Musicians’ Union:
Tom Kiehl, CEO, UK Music:
Jon Collins, CEO, LIVE:
Details of the Culture Media & Sport Committee’s Parliamentary report into grassroots live music can be found here. The Committee recommended that the industry should support the entirety of the grassroots live sector - from artists and independent promoters through to grassroots venues - through an industry-led blanket levy on arena and stadium events over 5,000 capacity. This recommendation was accepted and adopted by the UK Government in November 2024. Following the launch of the LIVE Trust, the FAC, MMF and MU believe that the UKAT Fund marks another important step to ensuring that the Committee’s recommendations become reality, and ensure the bedrock of the UK’s live music ecosystem can thrive. The FAC has proved our ability to successfully operate and administer an artist grants programme with the Step Up Fund, which we established with Amazon Music in 2022. Since then, Step Up has put more than a quarter of a million pounds directly into the pockets of artists, helping trigger a wave of creative activity from live touring to recording and content production projects.
Source Featured Artists Coalition
January 30, 2025 4:00am ET by Pressparty |