Of all students studying for degrees in higher education, music students are the most likely to go on to be self-employed. The Royal Northern College of Music (RNCM) trains world-leading student musicians from 60+ countries around the world to lead and shape the music industry of the future. All undergraduate students undertake projects (e.g. putting on a concert, tour, designing school workshops), placements, can apply for the RNCM Entrepreneurship Award and undertake training in digital skills, finance, tax, project management, marketing, budgeting, recording, and websites.
The RNCM’s world-leading entrepreneurship education was recently recognised when it was awarded £902,153 from the Office for Students and Research England (UK governmental bodies) to lead a project exploring the most effective ways to train creative industries students in entrepreneurial skills. This two-year ‘StART Entrepreneurship project’ (2020-22) was led by Dr Michelle Phillips (Head of Enterprise (Academic)) at the RNCM, and was in partnership with the Royal Central School of Speech and Drama, and University of the Arts London.
The UK music industry contributes significantly to the UK economy (£5.8 billion in 2019), and musicians trained at specialist music institutions in the UK go on to very successful careers in music. The need for high quality self-employment training has never been so urgent following the COVID-19: “The cultural and creative sectors were among the hardest hit by the pandemic, with over 10 million jobs lost in 2020 alone” (Reshaping Policies for Creativity, 2022).