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RECOVERY CASH HEADING TO MUSIC COMPANIES

More than 500 music organizations in the U.K. have been handed  grants from the second round of the government’s £400m cultural recovery fund. Among the recipients are the Glastonbury Festival, which has received £900k, Standon CallingThe BRIT School and a number of venues.

This second round of funding has been taken out of the Government’s £1.57b support pot for culture and is aimed at helping recipients reopen and recover. Glastonbury’s payout will make “a huge difference in helping to secure our future,” said organizers Michael and Emily Eavis, who had to call off the festival for a second time in January and have recently announced a live-stream event in May. 

The Music Venue Trust says its members have now received almost £16m in support from the fund with an 80% success rate for applicants. From this latest round, that includes Brudenell Social Club in Leeds (£213.9k), The Leadmill in Sheffield (£120.8k), and London venues The Roundhouse (£1.5m), The Lexington (£90k) and Village Underground (£310k).

The Standon Calling festival, which is set to return at the end of July after canceling in 2020, has received £418.5k while The BRIT School, which is part state-funded with support from The BRIT Trust, has been awarded £249.5k. 

Other music-related organizations to have received significant payouts for this second round include Earth Music Agency (£165.9k), Y Not Festivals (£120k), music development org Urban Development (£92k), Giant Artist Management (£61.8k), Prolifica Management (£67.4k) and Rough Trade Retail (£61.9k).

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