Music industry business set to bring 200 jobs to Leicester

A new music industry business has chosen Leicester for its new base and will bring 200 jobs to the city.

The new as yet unnamed firm is a venture between London-based organisations PRS for Music and Phonographic Performance Ltd. It will deal with music licensing.

The new firm will move into two floors in Mercury Place meaning that the Leicester Mercury’s editorial staff will be looking for a new home after being given six months’ notice.

According to reports, Leicester City Council Mayor Sir Peter Soulsby said: “We extend a warm welcome to PRS and PPL, who I know looked at a number of other locations before choosing Leicester as the home of their new operation.

“They will give the city a significant boost in terms of jobs and raising our profile, and in turn we are giving them a location in the heart of a vibrant, and growing creative sector.

“As one of a number of successful businesses relocating close to the railway station – including IBM and Hastings Direct – they also demonstrate the importance of the Midland Mainline which will soon offer journey times of less than one hour between Leicester and London.”

The news comes after IBM moved into permanent offices in New Walk over the weekend.