news category General News created 26 March 2020
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The MPG welcome this announcement and we’re especially pleased that musicians and sound-engineers were the first group to be acknowledged in the Chancellor’s statement. We know until the money comes through, these next few months are going to be tough for everyone. We will continue to push the Government to do more. We also know that many of our members are directors of limited companies, who currently don’t qualify. We will be liaising with other trade bodies and figuring out the best way to push for further support for this group. We are also continuing to call for a business rates holiday for recording studios. The Chancellor reiterated that self-employed people could apply for the Government’s Business Interruption Loan Scheme and we would like to hear if members are having any issues with this. We will also continue to encourage industry bodies to contribute to some of the existing hardship funds
Today we published a report regarding the earnings lost so far during this pandemic, by those working in our sector. Since the outbreak of the Covid-19, engineers and producers have lost a staggering 70% of their income. Whilst some had stopped working all together. More than half expect to default on their rent or mortgage, while at the same time many are unable to cover the cost of their studio premises. This could potentially see the knees cut beneath the industry, with many good engineers being forced out by selling equipment or giving up their premises to survive, with no return ticket back.
For those members who are currently facing particular financial difficulty, a number of funds are becoming available which you may be eligible for.
PRS Emergency Relief Fund – Up to £1,000
Help Musicians Covid-19 Fund – £500
MU Coronavirus Hardship Fund – £200
Please do let us know if you feel you need support, but don’t meet the criteria. We will do our best to support you and guide you around the system during this stressful and chaotic time. Email the usual place email@example.com