PPL chief executive Peter Leathem has told Music Week that 3% growth in revenues last year was a “good achievement” as the organisation focused on launching its joint venture with PRS For Music.

The licensing company collected £218.8 million for performer and record company members in 2017, an increase of £6.7m on the 2016 total.

PPL achieved growth across its revenue streams for broadcast, public performance and international, though the overall 3% increase was down on the 8% recorded in ...