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Envelope Funding for Music Companies | FACTOR:

January 18, 2024

Value

Up to $800,000.

Description

Envelope Funding for Music Companies is allocated once a year for a recipient to undertake a suite of activities fostering the development of Canadian artists and the promotion of their music.

Eligible Applicants

For the 2023-2024 fiscal year, Envelope Funding will be available to Canadian music companies that meet the eligibility criteria detailed in the Program Guidelines. Companies will provide information to verify eligibility in their FACTOR Applicant Profile.

Companies that are interested in this program and are new to the FACTOR system are invited to create an Applicant Profile prior to the program deadline. Please contact FACTOR to discuss.

If the majority of the company’s investments relate to French-language artists, applicants should submit their application to Musicaction. Applicants representing both French-and English-language artists whose proportion of production/marketing of French-language musical content is less than 50% can still submit their application to Musicaction if they typically submitted their application to them in the past.

Eligible Expenses

Eligible expenses are those related to Canadian artists for eligible activities undertaken between April 1, 2024, and March 31, 2025. The eligible expenses may include:

  • Sound recording expenses.
  • Touring and showcasing expenses.
  • Musical works publishing expenses.
  • Artist Management expenses.
  • Artists’ development expenses.
  • Promotion expenses.
  • Business development expenses: In the Application Form, include all planned business development expenses. However, these cannot exceed 15% of the contribution amount.
  • . Administrative expenses: In the Application Form, include all planned administrative expenses. However, FACTOR will cap these at 15% of the contribution amount.
  • Capital expenses: Up to a maximum of 10% of the contribution may be used for capital expenditures related to the eligible activities. Eligible capital expenditures must be directly related to the development of Canadian artists, promotion and audience development. Expenses such as the purchase of buildings, vehicles, IT equipment, catalogs, etc. are ineligible. Please notify the Program Administrator if you intend to incur capital expenses.

Deadline Date

The intake deadline for fiscal 2024-2025 (April 1 – March 31) has passed.

Contact

Contact Name: FACTOR

Phone Number: 416 696 2215

E-mail Address: general.info@factor.ca

Website: https://www.factor.ca/programs/envelope-funding-for-music-companies/

Industry:

Arts and Culture

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, USA, Yukon

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