Devon indie rock band These Reigning Days has been signed up to play at this year’s Glastonbury Festival, as its record label celebrates a £162,380 funding win from a host of armchair ‘dragons’.
The three piece outfit made up of lead vocalist and guitarist Dan Steer, vocalist and bass player Jonny Finnis and Joe Sansome on drums – also have a US tour in the pipeline.
The band’s Newton Abbot based record label, Ecco Recordings has completed a growth funding bid via Exeter-based crowdfunding website Crowdcube. A last minute investment rush generated more than £70,000 in excess of the £90,000 it initially pitched for, from 96 investors in total.
The money will support the band’s breakthrough touring costs and help propel These Reigning Days into the big time.
Last month it was revealed that celebrity chef Heston Blumenthal was a fan of the band and had lent his weight to the funding initiative, with an undisclosed cash pledge.
The Michelin-starred chef said: “I believe they have a really exciting future.”
The funding will help support the cost of a US west coast radio tour the band is lined up to undertake in June, a breakthrough route for many UK bands which have gone on to crack the States. A European tour is also being planned for the summer.
The band is also set to release the single Opera of Love in May, which featured on the Winter Olympics soundtrack. The track is taken from an album of the same name, which is set for release in July.
These Reigning Days have played at Glastonbury before, supported Bon Jovi and The Feeling and appeared at Woodstock Festival Poland, the biggest open-air festival in Europe.
Last year, their single Too Late reached number one in the Italian MTV rock charts and a top 20 position in the Virgin Rock charts, with the video now having topped 100,000 views on YouTube.
Behind the record label, which signed the band two years ago, are Sarah Woodward and Kevin Wilson. Ms Woodward previously ran classical label Romophone, which she later sold to leading classical group Naxos.
She said: “There are so many positive things happening for the band right now and we truly believe they are on the cusp of something great.
“This means we can take advantage of some fantastic opportunities that are opening up.
“It’s absolutely fantastic and we are very, very grateful to everyone at Crowdcube The investment has got us over the line and now we can build on that.”
The music industry is worth an estimated £3.5 billion to the UK economy, of which £1.4 billion is generated through overseas sales.
Last month, UK Trade & Investment and the British Phonographic Industry launched a £2.5 million grant initiative, The Music Export Growth Scheme, to help small and mid-sized independent music companies promote their artists overseas. It forms part of wider Government efforts to get 100,000 new businesses exporting.