Broadcasting regulator Ofcom has today opened up the application process for community radio stations to apply for financial grants to help with stations' core running costs. Licensed community stations have 4 weeks to apply for the funding and there is no upper limit on how much they can bid for.
A total of £500,000 will be shared out, with decisions announced by Ofcom after its panel meets to consider the applications on 20th June. The money has been provided by the government's Department for Culture, Media and Sport
The fund can provide financial support for the station's core operating costs – for example management, administration,
financial management & reporting, fundraising to support the station (grants and commercial funding), community outreach projects, and volunteer organisation and support.
The grants should not breach the requirement for community radio stations that no more than 50% of a station's annual income comes from one source.
Applicants must apply for more than £5,000, taking into account any previous allocations as a guide as to how much to realistically bid for. The closing date for applications is Wednesday 16th May 2007.
For more details, see the [link=http://www.ofcom.org.uk/radio/ifi/rbl/commun_radio/Communityfund/]Ofcom[/link] website.
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