The PRS Foundation has announced a change to the way its funds talent development organisations with the creation of a new scheme called the Talent Development Network.
The music charity - backed by collecting society PRS - has a number of funding schemes that directly support music-makers. However, it also provides funding to organisations that run music talent development programmes, currently through schemes like the Open Fund For Organisations and Talent Development Partner programme.
The new Talent Development Network replaces both of those initiatives. "This new model of multi-year funding", says the Foundation, "will benefit those organisations who can demonstrate clear, tangible creative, career and professional outcomes, with more support, over a greater period enabling longer term planning and better support for talented music creators across the UK".
Supported organisations will receive up to £25,000 a year for three years, providing they meet certain targets in the first year. The changes are being made, the charity adds, "following feedback from the sector" and will “create a more sustainable way of supporting talent development".
The Talent Development Network will be supported by another UK collecting society, PPL, whose CEO Peter Leathem says: “In recent years, The Open Fund and Talent Development Partners network have been essential in supporting a multitude of grassroots organisations. We are excited to see these initiatives evolve into a more holistic, long-term programme that will provide greater clarity and stability for talent developers, ensuring they can continue to provide spaces, expertise and encouragement to the next generation of musicians, performers and industry professionals".
President of PRS Members’ Council Michelle Escoffery - who is also a trustee of the Foundation - adds: “This new multi-year funding scheme will mean more impact and longevity for recipients, as well as access to a music community network with invaluable expert knowledge and advice from peers across the industry. With support from PRS For Music, PRS Foundation continues to help level-up the music industry, and we are incredibly proud to be part of that journey."
