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£3m Investment Announced for S4C’s Yr Egin Headquarters

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This week Welsh Language Minister, Alun Davies, has informed AMs of a £3m investment in the S4C headquarters, highlighting the importance of the investment to the Culture Committee on Wednesday.

The creative hub in Carmarthen is said to create a large number of high quality job opportunities, and while unsure whether it could meet the 600 posts once promised, Mr Davies is nonetheless excited by the various roles this investment will influence. Built by the University of Trinity Wales, the building is scheduled to be up and running by spring 2018.

Supporting the economy of west Wales and the Welsh language in general, Davies feels there is an “important role” for the Welsh Government to invest where there is a failure in the market.

Mr Davies added that S4C could do more to support skills development, in partnership with other broadcasters, trade bodies, unions and the new Creative Wales body being set up by the Welsh Government.

Back in March, university chiefs told the committee that the building had no tenants other than S4C.

Expected to have filled 60% of the space by now, Vice-chancellor of the university, Medwin Hughes, expressed the importance of having S4C on board.

“The £3m of upfront rent from S4C helps with cash flow for two to three years but we could need more than 60% capacity to break even,”

As part of its contract with the University, S4C will also be paying £60,000 in annual service charges.

Simon Thomas, Plaid Cymru Mid and West Wales AM, said:

“I’m glad the Welsh Government supported this important development which will benefit not just the west Wales, but also the Welsh language media industry as it creates a number of high quality jobs.”