UK - New music EIS fund seeks to raise £10m

Power Amp Music is seeking to raise £10m as an approved investment fund under the Enterprise Investment Scheme (EIS). The new vehicle, Power Amp Music Fund, will invest in a diversified portfolio of UK music talent, capitalising on the rapidly changing face of the music industry. It will aim to develop a total of between 20-30 artists, ranging from emerging artists through to established and “heritage” artists.