Public Lending Right (PLR) Rate Per Loan 2013
Between 5 November and 3 December 2012, DCMS ran a public consultation on the proposed increase in the Public Lending Right rate per loan from 6.05 pence to 6.20 pence.
Through this consultation, the Department for Culture, Media and Sport (DCMS) sought views about the Public Lending Right (PLR) rate per loan for 2013 through this consultation.
Each year, the Public Lending Right (PLR) Registrar recommends to the Secretary of State an amount to be paid to registered authors from the PLR Fund to compensate them for the loan of their books from public libraries. The amount due to each author is based on a rate per loan calculated from the total number of loans nationally and the size of the fund available. In the most recent payments distribution, undertaken in February this year, the rate per loan was 6.05 pence.
The Registrar proposed a rate per loan of 6.20 pence for the February 2013 payments. This represented an increase of 0.15 pence, or 2.48%, on last year’s rate. The recommended increase was in part due to savings made in the costs of running the scheme, and in part due to a decrease in the estimated loans of books registered for PLR.
The proposal supported the Registrar’s recommendation that the 2013 payments are made at a rate per loan of 6.20 pence.