A newsworthy post from the Guardian which looks at where funds can come from for artist development.

With some investment funds who were funding new artists pulling out as it’s ‘too risky’, where can that money come from?

The piece reveals great statistics about how the Canadian government made funds available that allowed, amongst other things, for the band Metric to have a four album embryonic growth. Got me thinking!

“The creative industry has been one of this country’s biggest exporters for generations,” says Message, who’s also the chairman of the Music Managers Forum. “But who’s going to fund the future of our culture?” He doubts that banks will ever loan money to artists – no matter what the government says – so instead he suggests the government takes 1% from the EFG scheme and makes that €20m available as startup seed capital.

Read the piece here.

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