About PRS Foundation
We are the UK’s leading funder of new music and talent development across all genres.
Our mission is to stimulate and support the creation and performance of new music throughout the UK and to ensure that this music is enjoyed by a wide audience. Over the past 15 years we have proved ourselves as a significant force in supporting pioneering musical activity. Since March 2000 we have supported over 6,300 new music initiatives to the tune of over £29.5 million. We do this through open grant schemes which are available to musicians and organisations four times per year and partnership programmes which we lead in response to specific needs and gaps in funding.
Because of our specialist knowledge of the music sector, our support is seen as an indication of quality and innovation. We are also proud to be widely respected as an approachable, adventurous, and straightforward organisation and to have established a strong track record as funder of a broad range of activity – from unsigned band showcases and professional development programmes to music commissions and composer residencies.
PRS for Music had been supporting new music since 1953 by reacting to applications for support as and when they arrived. In the late 60s, PRS for Music was receiving so many applications that it set up a Donations and Awards Committee which, by the late 90’s, was distributing about 1/4 million pounds per year.
In 1999, as part of its drive for greater accuracy and efficiency in royalty distributions to members, the PRS for Music Board charged a taskforce of PRS for Music staff and Board members to determine the best way of consolidating and continuing its support for new music in the UK. Their research resulted in the launch of an independent charitable foundation for new music of any genre: PRS Foundation which now receives £3m per year from PRS for Music.