AIM

UK Budget: Comment from AIM CEO Silvia Montello

Following today’s UK Budget announcement, the Association of Independent Music (AIM), shares statement calling for further government intervention to support the UK’s music industry.

London, UK, 7th March 2024 Silvia Montello, CEO at AIM:

“Music contributes over £6 billion to the UK economy a year. However, further support will be required from the government in order to maintain our position in the global market and continue to develop world-leading artists. 

“This should include fiscal incentives for the independent businesses that find and invest in the global stars of tomorrow and tax breaks for music along the lines of initiatives supporting the film and TV industries. These measures would also help to counter the damage done to local music scenes over recent years through the reduction in arts and culture funding across the UK. There is still a vital need for support for artists and concert venues in order to weather the current crisis facing live music. 

“Finally, we also urge the government to consider the need for stronger copyright standards to ensure creators are fairly remunerated when AI  greater help for freelance workers, who make up around 70% of workers in the music business.”

 

About AIM:

AIM is the not-for-profit organisation representing and supporting the UK’s independent music community, which makes up a third of the UK’s recorded music market. Now in its 25th year, AIM’s members range from the largest, most respected record labels and associated music businesses in the world to DIY or self-releasing artists and the next generation of entrepreneurs in music. These include 4AD, Black Acre, Beggars Group, Chrysalis / Blue Raincoat, CTRL Music, Domino Recording Co, FAMM, Finesse Foreva, Hospital Records, HQ Familia, The Leaf Label, Ninja Tune, NQ Recordings, Numbers, Partisan, Transgressive, Scruff of the Neck, Secretly Canadian, Stones Throw, Supernature, Warp, and XL Recordings.

AIM exists to level the playing field for UK independent music businesses – the beating heart of music. No matter their genre, their background, how much money they have, how they identify or their location, AIM provides access to the knowledge and contacts creative entrepreneurs need to create, build and win. AIM supports its members, not only through the difficult times, but also on a day-to-day level with practical support that makes a real difference to their lives and work, helping them take their businesses to the next level.

Find out more about AIM: https://www.aim.org.uk

AIM

AIM is the not-for-profit trade body exclusively representing the UK’s independent music sector. Our members range from the largest, most respected record labels and associated music businesses in the world to self-releasing artists and the next generation of entrepreneurs in music.