Anger at failure of £2bn fund to help bands, writes Mark Sweney in the Guardian. He is concerned that:
A £2bn government-backed scheme partly aimed at helping musicians and promoters launch new bands and other music ventures has approved just two music-sector loans in more than two years. One of the successful applicants received money only after making nine attempts.
Brian Message, co-manager of Radiohead and Kate Nash, tried repeatedly to obtain money under the enterprise finance guarantee (EFG) scheme to finance an album and tour for rock band the Rifles. After trying for two-and-a-half years, he was loaned a quarter of the cash he had originally sought.
The poor performance of the scheme – which was broadened in March 2009 to include “music composers and own-account artists” (those not already signed to a record label) – has led to deep frustration in the industry at a perceived lack of government support in an area where British acts lead the world.
In the comments, a character called “stewpot” performs an extended comic riff on the lines of
It was only because of generous government loans that “The Beatles” were able to get started. If not for such loans they would have ended up having to play gigs in German strip clubs and so-called “Cavern clubs” for pitiful amounts, an obvious non-starter.
An excellent joke, made even better by the fact that half the other commenters appear to have taken it seriously.
Good as stewpot’s joke was, Mark Sweney’s is even better. So far I am the only person who has seen that it is an obvious wind-up. In these days of austerity, two billion pounds of taxpayers’ money to be lent to wannabe rock stars? Come on.