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Total domestic spending on music in the UK was valued at just under £5bn in 2000, according to the National Music Council?s most recent statistical report investigating the economic value of the UK music industry.
The contribution of the music business to the UK economy that year is put at around £3.6bn, and overseas trading generated a net surplus of £435m. The report, Counting the Notes, also describes how composers and publishers, musicians, performers, managers, agents, presenters and recording companies generate value and revenue. The importance of participatory music, trends in UK audiences, and the role of music in the tourism market are addressed, and the final section focuses on music education, acknowledging ground-breaking academic research on the impact of early childhood music education in enhancing children?s ability to learn in school. Counting the Notes is available at w: http://www.musiced.org.uk