In recognition of the impact of COVID-19, the BAI levy was waived for the independent radio sector for Quarters 1 and 2 2020. No waivers were applied to television broadcasters and the radio sector waiver has not been extended into Q3/4. While there are no plans for further waivers at this time, the BAI is continuing to monitor and report to me on the financial impacts of COVID-19 on the commercial radio sector. I secured €839k in the recent budget for BAI to recoup the cost of the waiver.
In addition, in recognition of the on going challenges faced by the sector, I secured an additional €2m in Exchequer funding for the Sound and Vision Scheme under the July Jobs Stimulus Package. This greatly enhanced the funding available for the final round of the Scheme this year (round 37), bringing its total value to €4.5m. The purpose of the Sound and Vision Scheme is to support eligible content across the broadcasting sector as a whole, ensuring a balanced and fair approach. This funding round is open to those elements of the radio sector that were not eligible for the rounds to commercial and community radio earlier in the year, namely independent audio producers and public service radio. In addition, the round is open to independent audio visual producers, and commercial, community and public service television stations.
The BAI are currently assessing the applications with an announcement on awards expected shortly. Additional information is available at https://www.bai.ie/en/broadcasting/funding-development-3/sound-vision-4/#al-block-2.
The details of funding rounds to be held in 2021 are a matter for the BAI to decide, and these will be announced in the course of the year.
In addition to these measures the radio sector has access to the range of Government supports put in place for businesses due to Covid 19 including, for example, the Wage Subsidy Scheme.