21 March 2017

 S4C statement:

“S4C welcomes the Government’s commitment to securing S4C’s future and the package of measures announced today, including loan funding for S4C.

“The loan of £10m, which will be repaid by S4C to DCMS over a period, will be used by S4C for two specific purposes: to contribute towards the costs of technical equipment associated with S4C’s proposed move to shared broadcasting services with BBC Cymru in their new headquarters in Cardiff in 2019 and also to provide a bridging facility to enable S4C’s advance rent payment to the University of Wales, Trinity St David for the lease at Yr Egin in 2018 until S4C’s current headquarters in Llanishen are sold. The remaining loan will be repaid from savings generated by both schemes.”

ends