Member Article

Sheffield local TV station set to launch after successful £160k crowdfunding campaign

A new Sheffield TV station is set to laucnh next month after it completed a successful £160k crowdfunding campaign, exceeding their target by £10k.

The funding will be used to purchase equipment and develop studios.

Sheffield Community Media Ltd, the community benefit society which owns Sheffield Live TV, raised the money through community shares and social investment commitments.

It is apparently a first in the UK media sector, with over 100 individuals, businesses and voluntary organisations having applied for between £100 and £20k worth of community shares.

Steve Buckley, the chair of the new TV channel and a director of Sheffield Community Media, said: “We are delighted that so many Sheffield people and organisations have shown their support for Sheffield Live TV and community-owned media by applying for community shares.

“We’d like to thank them for their support and we look forward to their involvement in the channel. We are in the final phase of our planning to launch Sheffield Live TV which will be locally owned and run for community benefit.

“We aim to develop a multimedia news service and to deliver original, locally-made programming, reflecting the interests and talent of Sheffield people and communities.”

This was posted in Bdaily's Members' News section by Clare Burnett .