As part of V2's 10th anniversary, The Sunday Times will be inserting a 13-track CD into every copy of the paper this weekend. Featuring artists from V2, Wichita, Dance to the Radio and other great Independent labels, the CD showcases some of the latest and greatest bands around.

1:Bloc Party

2.The Rakes

3.Stereophonics

4.Peter, Bjorn and John

5.The Pigeon Detectives

6.Cold War Kids

7.Hot Club De Paris

8.Little Man Tate

9.Paul Weller

10.Duke Special

11.Midlake

12.Field Music

13.Lambchop

In addition, V2 Music Group, together with its other label partners and Times Media, are inviting European Independent music labels to apply for the opportunity to develop their business with a Music business Development Grant.

Following a selection process involving an application form and panel interview, the winner will be offered a label deal with Cooperative Music. The Grant, worth an initial £35,000 will include;

A UK & Ireland Manufacturing, Distribution and Sales deal with V2
An international licensing deal for Continental Europe with Cooperative Music.

The competition will be open to any individual in Europe who is either already running an independent record label or has a solid project plan to do so. For full details on how to enter, please come back on Sunday 18, March.

Visitors to the site on March 18, will also have the opportunity to win albums from 12 of the artists featured on the CD and claim a £1 money off voucher from Play.com.