Contemporary classical music record label NMC has secured a new tranche of trust funding which will go some way towards covering the termination of its Holst Foundation grant in 2015. With Gustav Holst’s music falling out of copyright ten years ago, the royalty funded foundation bearing his name has been gradually reducing its spending.
NMC retained its Arts Council national portfolio funding in the latest round announced in July, but did not receive a requested increase to cover the Holst Foundation shortfall.
However, the label has announced that a recent long-term award from the Esmée Fairbairn Foundation has brought its new post-Holst trust funding to £50,000, including recent agreements with the Britten Pears Foundation and the Delius Trust. Securing this funding will allow ‘new audience development and fundraising activities and state-of-the-art software which will help build a sustainable long-term future for the organisation,’ a statement released by NMC said.
The label also announced the appointment of a new chairman, Andrew Ward, who serves as director of corporate relations at Brunel University, and is involved with a number of arts organisations including Dartington International Summer School Foundation and the Institute of Composing.
Ward commented: ‘I feel extremely privileged to be invited to join the committed trustees and very talented staff at NMC. I know that I speak for everyone involved with the charity when I record my grateful thanks for all that Richard Shoylekov ‒ the previous Chair ‒ achieved during his three years at the helm.
‘We are clearly at a very interesting point in NMC’s history. We are celebrating our 25th Anniversary which itself is a remarkable achievement, but we are looking forward to a future that bristles with challenges and constraints. And yet it is also the case that there never has been a time when what NMC does has been more important. I have always been clear that NMC is a national asset which it is imperative to promote and preserve. I am determined that with the support of our brilliant partners, including this major new funding from the Esmée Fairbairn Foundation and others, we will successfully develop our activities, to meet the challenges of the future and to continue to be the UK’s leading voice for new music.’