BPI and UK Trade & Investment (UKTI) have opened applications to a new Music Export Growth Scheme, offering £3m in grants to small-to-medium-sized independent music companies to promote British artists overseas.

The grants ranging from £5,000 to £50,000 are funded by UKTI, the Government organisation that supports UK business overseas, and run by BPI, the trade body that represents British recorded music businesses.

The scheme is targeted at artists who have achieved reasonable levels of success in the UK but ...