Interest free loans from Abbado European Young Musicians Trust

Article from Music Journal, the member magazine for the Independent Society of Musicians

If you are starting out in your professional music career and are struggling to purchase musical instruments, The Abbado Trust could assist with an interest free loan.

The Abbado European Young Musicians Trust (The Abbado Trust) was initiated by conductor Claudio Abbado in 1982, to assist young professional musicians with the purchase of musical instruments. It has successfully been providing interest free loans for over four decades. The loans help musicians on the threshold of their music careers to purchase instruments of a quality that matches and fully demonstrates their playing ability, and thereby improve their professional trajectories within the competitive UK music industry.

The amount of the loan you may apply for can vary, but they are typically between £3k and £15k. The loans are interest free and can be repaid within a three- to five-year period.

 
We have provided 100s of interest free loans, for over four decades, to many musicians on the threshold of a professional career!
— Philip Robinson, Trustee for the Abbado Trust
 

Applications can be made at any time, and the tried and tested application process is seamless, with an emphasis on evidence of professional accomplishment. To apply you:

  • must be aged 30 and under *

  • send a completed application form – these are obtainable from Liane Hartnett at liane.hartnett@crsblaw.com

  • provide two references – one musical and one personal

  • provide the name of a Guarantor

  • provide a biography that offers strong evidence that you are ‘on the threshold of a professional career’, preferably in the orchestral or solo arena.

Once the application is filed, it will be processed without the need to meet you face-to-face, instead you will receive an answer within a few weeks.

* Please note that the article is incorrect, applicants must be under 30 years of age.