Funding (English)


We get quite a few queries regularly from promoters, festivals and others who are interested in the funding structure at IMX. For this purpose we have translated an overview of all the funding structures available to support Icelandic musicians, both through ÚTÓN/IMX and otherwise. However, the applications are still in Icelandic, although they can be filled out in English.

First it is important to note that only Icelandic companies and individuals are eligible for funding, applications from non-Icelandic companies or individuals will not be considered. It is not the policy of IMX/ÚTÓN to pay promoters to book Icelandic bands, however, promoters can assist bands they are interested in booking in becoming eligible for e.g. IMX travel support. It is also good to note that applicants flying from Iceland are more likely to get travel support over applicants located elsewhere.

Table of contents:

Overview

Iceland Music Export Fund

Reykjavík Loftbrú

Other funding

FAQ

Overview

ÚTÓN/IMX oversees the administration of the Iceland Music Export Fund and Reykjavík Loftbrú. There is a fundamental difference between these two subsidies, with different expectations towards the applicants, different forms that need to be filled out, different administration and financial backers.

Iceland Music Export Fund

The export fund of Icelandic music allocates monthly travel grants and marketing grants every four months. The travel grants are handed out in the form of direct payment, normally around 50.000 kr. per band member. Bringing 1 assistant on the tour is permissible, for example a sound engineer or manager. The fund is funded by the Ministry of Culture and Education. Please note that a budget plan is required along with the application. Marketing grants are given quarterly.

In order to be eligible for consideration for a travel grant, an application must fulfil the following requirements. Please note that even fulfilling the requirements does not guarantee the grant, only that the application is eligible.

  • The artist/band applying is Icelandic. This means that the artist/band is billed as Icelandic or at least partly Icelandic in all public arenas.
  • The artist/band is either playing at a showcase festival we cooperate with or is playing a tour of at least 4 shows. Festivals include SPOT Festival, by:Larm, Ja Ja Ja, JazzAhead, The Great Escape, Eurosonic Noorderslag, Reeperbahn, Hokuo Music Night.
  • We do provide exceptions if a composer wants to travel abroad to be present during a premiere of their work
  • A budget plan must be included in the application
  • Grants are not provided for projects that have already taken place

Read more and apply here

Reykjavík Loftbrú


Reykjavík Loftbrú is a travel fund which provides beneficiaries with cheaper flights to Icelandair’s destinations. Icelandair is the main sponsor of Reykjavík Loftbrú along FÍH, STEF, FHF (Music Associations)  and the city of Reykjavík, funders of the subsidy. If your application is accepted you will be assigned flight tickets. You  are only required to pay tax, service- and gasoline fees. This can be around 24.000 – 32.000 kr. for European flights and 45.000 – 50.000 kr. when traveling to the United States. If the total cost of the plane ticket is above 80.000 kr. then you will be required to pay the difference. You will need to provide a confirmation of concert dates  for the application to be considered. Extra fees due to overweight luggage can no longer be repealed. The application will have to be in, at least 4 weeks before the flight date, preferably the month before.

Read more and apply here

Other funding

If you’re not planning a tour, nor are you planning to market an upcoming release, then these funds might not be applicable to you. However, there are more funds and subsidies available and you can view a list of those available for musicians here.

Frequently asked questions

  • It’s not possible to provide a discount on flights that have already been paid for if funding from Reykjavík Lofbrú is acquired.
  • Applicants are not required to provide confirmation on concert dates when they apply from ÚÍT.
  • Applicants are not required to provide a budget plan when apply from Reykjavík Loftbrú.
  • Icelandic applicants are required to pay income tax for all funding. See here.