People who live, work and have interests in Sheffield are invited to become co-owners of region’s new local TV channel.

Sheffield Community Media Ltd has been established to support community media development in Sheffield, including the new local digital TV channel that will be launched on Freeview, cable and the internet in 2014.

In May 2012, Ofcom, the communications regulator, advertised local digital TV licences for Sheffield and 20 other ‘pioneer locations’. Sheffield Local Television Ltd, wholly owned by Sheffield Community Media Ltd, was the winning applicant for the Sheffield local TV service.

Launching in 2014, the new television channel Sheffield Live TV will cover Sheffield news; events; music; sports and culture. It will reflect the interests of Sheffield people, businesses and communities – and provide a platform for local talent and opportunities for local businesses.

It will be Sheffield’s first digital local TV channel, broadcasting on Freeview channel 8, cable and the internet.

And it will be part of a new cross-platform media partnership – radio, TV, web and mobile – working with existing community radio station Sheffield Live 93.2 FM and a new web and mobile Sheffield news service.

Sheffielders are being invited to become co-owners of Sheffield Community Media Ltd, an organisation set up for community benefit, by investing in the Pioneer and Community Share Offer, open now, which needs to raise £150,000 to help launch the station. People can invest between £100 and £20,000, and the business aims to pay investors 4% interest after 3 years. Over £41,000 has already been pledged.

Sheffield media, music, communications and business figures and the city’s residents are already getting excited about the plans. Comments from several of them are here and you’ll find more within the Sheffield Community Media information pack, which consists of

  • Pioneer and Community Share Offer Document
  • Business Plan 2013-2019
  • Financial projections 2013-2019
  • And the application forms

All of the above are available to view immediately from www.sheffieldlive.org/home/shares