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S4C worth £90 million to the Welsh economy

04/11/2010

S4C’s effect on the Welsh economy is worth almost £90 million this year.

This is one of the conclusions in an economic impact report published by the Channel today. The research by DTZ and the Wales Economic Research Unit at Cardiff University was commissioned by the S4C Authority. A similar assessment was undertaken in 2007.

The report also notes that S4C is vitally important to independent television production in Wales with the Channel being responsible for sustaining over 2,100 jobs in the independent sector and other fields.

In terms of training over the last two years S4C and the independent production companies have invested almost £900,000 in training schemes in partnership with Skillset and the Welsh Assembly Government.

According to John Walter Jones, Chairman of the S4C Authority, “The report by DTZ shows clearly the economic contribution S4C makes at all levels in Wales, promoting investment in new technology and training, stimulating enterprise and helping to secure economic stability in communities throughout Wales.”

See the full report (PDF)

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