Community Radio funding: A missed opportunity
So Ed Vaizey has announced that all community radio stations will be able to raise up to £15,000 of commercial revenue, and if I've read it correctly, those under the 50% rule will have an extra £15,000 added to that 50% limit.
This feels like a fudge. In radio terms, £15,000 is no money at all. It's like they've taken a baby step forward and community radio needs a giant stride. It's in the right direction, but it's nowhere near enough.
They missed an opportunity today, to make fundraising a bigger part of the picture, and to remove the limit. Mandating community fundraising, and even encouraging it, with a scheme to match funding of community fundraising up to a level of, say, £10,000-£15,000 per year for the next 5 years or so. It would be a drop in the government's ocean, but it would make a difference to community stations, in the same way that Gift Aid has made a big difference for charities.
One possible silver lining - Buried in page 12 of the impact statement it says the disregard limit will fall to Ofcom to review annually - full details on the link below.
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