海角视频

Welsh language channel S4C has a near 拢200m impact on the 海角视频 economy, shows new research.

According to an analysis of its direct, indirect and induced effects the Carmarthen headquartered broadcaster had a total economic impact of 拢197.4m in 2019-20, according to an analysis by Arad Research.

This consists of a 拢96.7m direct impact from its spending on goods, services and wages (including freelancers).

There was also an indirect impact of 拢800,000 from its anchor tenancy of the Yr Egin creative industries building in Carmarthen.

Together the direct and indirect factors induced a further 拢99.9m of impact from the expenditure of 海角视频 firms stimulated by the two measures.

Of its total impact, some 拢141.1m was felt in the Welsh economy with 拢18.2m in Carmarthenshire.

During the year the channel employed on average 101 full time equivalent staff, of which 32 were living in Carmarthenshire. It also employed 56 freelance staff.

Its expenditure generated further demand and employment which support an estimated 2,334 海角视频 employees and freelancers, of which 2,229 were estimated as being based in Wales and 245 in Carmarthenshire.

From its next financial 2022-23 year the contribution it receives from the Department for Digital, Culture Media and Sport (DCMS), will end, with its budget solely funded by the BBC licence fee. S4C in now in discussions with the DCMS over a new five-year funding deal.

In its last financial year, 2020-21, the channel received 拢74.5m from the licence fee and 拢21.85m from the DCMS. Some 拢15m of the DCMS contribution related to the channel being covered by section 33 of the VAT Act of 1994, so allowing it to reclaim the tax. Its reclassification impacted positively on its funding for the first time in 2019-20. While funding from the DCMS is coming to an end, the channel will still benefit from being able to reclaim the tax. It also generated last year 拢1m from its own commercial activities.

S4C鈥檚 chief executive, Owen Evans, said of the economic impact research: 鈥淭his is an extremely important one [research] for us as the results have been included in our submission to the 海角视频 Government鈥檚 Department of Digital Technology, Culture, Media and Sport as part of a debate over S4C鈥檚 financial settlement from April 2022 onwards.

鈥淭here鈥檚 never been any doubt in my mind about the importance of S4C to the Welsh economy. The fact that S4C can have an impact on the 海角视频 economy also, as well as an impact in Wales and in Carmarthenshire in particular through our headquarters at Canolfan S4C Yr Egin is hugely encouraging.

" The relocation from Llanishen (Cardiff) to Yr Egin ensured that S4C was at the forefront of creating job opportunities in West Wales and I鈥檓 extremely proud that we now have offices in Caernarfon, Carmarthen and Cardiff. This shows the positive impact of S4C throughout the whole of Wales.鈥�

He said the channel plays an important role within the independent production sector in Wales. The chief executive added: 鈥淚t is vital in providing employment for staff and freelancers; generating induced expenditure in local economies; supporting the Welsh language and culture; facilitating partnerships for co-production and helping companies access international markets and compete globally.

鈥淪4C also plays a significant role in providing strategic direction and funding for workforce training via the independent body TAC which represents the independent Welsh TV production sector.

2 Around 500 creative industries professionals (around 10% of these freelance workers) were trained via courses co-ordinated by TAC during 2020. A total of 33 courses were delivered by 15 providers during the year covering 15 areas of expertise. I鈥檓 extremely grateful to TAC for working closely with us and ensuring that we can offer the best possible support to production companies in Wales.鈥�