Friday, 22 October 2010

PLR update

News from the Society of Authors:

'As part of the cuts to the Department for Culture, Media and Sport, it has been announced that there will be reductions to the PLR fund. However, these cuts are not as severe as  anticipated. 

The annual figures have been announced as follows:

2010/11    £7.45m

2011/12    £7.218m
2012/13    £7.084m
2013/14    £6.977m
2014/15    £6.956m

There will thus be a reduction of 6.6% over the next four years, although the fall in real terms will be significantly bigger. 

Whilst any cuts are to be regretted, it does appear that support for the Public Lending Right scheme has been taken on board by the DCMS, and the cuts kept to a minimum, especially in comparison with the overall Department cuts of 25%...'

So, it could have been worse. But we're not out of the woods by any stretch of the imagination: the battle to preserve the current PLR body goes on.

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