The Federal Government of Canada yesterday released its 2019 budget, entitled Investing In the Middle Class, and music industry groups like CIMA and Music Canada are applauding the government’s commitment of an additional $20 million to the Canada Music Fund (CMF) over the next two years. With this additional funding, since 2016, the federal government has now committed $40.7 million in new investments over five years to the CMF. For the live events industry, the government also committed an additional $16 million The Canada Arts Presentation Fund (CAPF) budget.
In total, the 2019 federal budget inlcuded around $60 million in new funding for the arts. In addition to the funding boosts for the CMF and CAPF, the budget also allocated more money to FACTOR and to the Arts and Heritage Program.
“This funding increase is fantastic news for Canada’s commercial music industry. We are incredibly grateful to the federal government and specifically our dedicated advocate, Heritage Minister Pablo Rodriguez, for showing their support of our industry. We are keen to continue to work closely with government to ensure that these dollars are invested in the most impactful way, such as providing additional support for sound recording, international export opportunities, promotion, marketing, touring and showcasing, and the domestic development of our great artists,” says Stuart Johnston, President of CIMA, the not-for-profit trade association representing the interests of the Canadian independent music industry.
Johnston says that he is heartened to see that many aspects of the government’s plans are a reflection of CIMA’s years of advocacy efforts. CIMA led a campaign requesting additional funding for the CMF. It has also been advocating for additional dollars to be dedicated to supporting the industry’s music exporting initiatives. In September 2017, the government announced its commitment to expand market access and export opportunities for all cultural industries through an investment of $125 million in Canada’s first Creative Export Strategy, including the creation of the Creative Export Canada Fund. CIMA continues to advocate for export dollars dedicated to the music industry.
In addition to the $20 million added the CMF, the federal budget also committed an additional $16 million The Canada Arts Presentation Fund (CAPF) budget. The CAPF provides financial assistance to organizations that present arts festivals or performing arts series (arts presenters) and organizations that offer support to arts presenters.
“Music Canada welcomes the Government of Canada’s increased funding to the Canada Music Fund and Canada Arts Presentation Fund as part of today’s budget announcement, but there remains much work to be done to address the Value Gap hurting the music sector,” says Graham Henderson, president and CEO of Music Canada. “For labels and artists to be competitive and financially successful, they need a sustainable business framework.”
“CAPF plays a vital role in promoting Canadian talent, and in turn, Canada’s ability to shine internationally,” Canadian Live Music Association President and CEO Erin Benjamin. “Thanks to the program, our members ensure ‘homegrown talent’ can be discovered, in our own backyards. Export strategies rely on that career growth that comes from domestic touring and local audience development. The touring landscape in Canada is an important breeding ground for the creation and dissemination of Canadian content.”
The full 2019 federal budget can be read HERE.