Last week the Government announced a funding scheme that will see £3 million worth of grants go to independent music companies to help grow their overseas activity.
Naturally, the news was welcomed by the music industry which has long lamented the lack of Government.
Together with the launch of the Police Intellectual Property Crime Unit (PIPCU) last Friday (which has received £2.56 million in funding over two years), it seems to mark a significant turning point. Mike Weatherley MP has also been announced as IP adviser to the Prime Minister.
However, AIM CEO Alison Wenham was skeptical that the Government would now lean on Google to take a more active role in combating online piracy and brought to light to lack of tax breaks when compared to other creative industries.
UK Music’s Jo Dipple called on Business Secretary Vince Cable to strongly support the creative industries – after the music and creative sectors were excluded from the Government’s industrial strategy.
But what do you think? Will the Music Export Growth Scheme mark a turning point in the Government's attitude towards and support of the music industry? Answer our poll and discuss below...