The Ed Sheeran Foundation will help co-design a new initiative as part of the funding package.

John Nacion/Billboard

The U.K. government has announced a far-reaching stimulus package for the music industry with millions set to be distributed through a number of programs.

The Music Growth Package, first announced in the Creative Industries Sector Plan last June, will receive £15 million ($20 million) more than previously planned, taking the total to £45 million ($60 million). The funds will allow over 2,000 music projects to be supported over the next three years before the next general election.

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