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The three-year funding allocation will target $40 million specifically for the ailing live music sector. After a year of unprecedented struggle, the Canadian government is pledging to inject badly needed emergency funding into the country’s depleted music economy. The government said this week that its latest budget allocates $70 million (about USD $56 million) for the Department of Canadian Heritage’s Canada Music Fund $50 million (USD$40 million) of which is targeted for the ailing live music sector. The three-year funding allocation which in 2021-22 will represent $50 million in emergency funding, nearly twice the $26 million the government contributed to the fund in 2018-2019 comes as Canada’s live music businesses have lost 92% of their revenues during the pandemic, according to a study conducted last fall by the Canadian Live Music Association (CLMA). The association estimates that about 90 music or music-reliant venues have shuttered.

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