PRS Foundation's targeted investment made a huge impact on music makers of all different backgrounds in 2017 according to latest figures, including reaching 50:50 gender balance of their grantees three years ahead of their proposed target.
Cheif Executive Vanessa Reed gave some key stats to subscribers to the PRS Foundation newsletter in January 2018 including:
- 561 grants were were awarded - £3.3 million
- 34% more music creators were supported for overseas showcases at 37 industry festivals
- 40% of music creators supported by PRS were black, Asian and minority ethnic (BAME)
- 53% of music creator grantees were sole female artists or mixes gender groups
- 87 grantees were nominated for major music awards with 22 winners
2017 saw PRS succeed in bidding for EU funding towards their Keychange initiative, an attempt to encourage music festivals and industry conferences to craft lineups with 50:50 gender balance by 2022; discussed their Women Make Music fund in Parliament to raise awareness of the gender gap in music; and launching the UK's first writer-producer fund.
PRS Foundation is supported by Culture Diary partners, the Department for International Trade, British Council and Arts Council England.
Image of Vanessa Reed at Reeperbahn Festival for launch of Keychange from PRS Foundation Keychange website.