27 January 2009
As the digital revolution continues, Channel 4 is planning to invest in the development of new content for its TV and digital platforms.
The broadcaster intends to spend £5 billion over the next ten years, with £1.5 billion of this dedicated to projects outside of London.
However, Channel 4 must first secure new funding for its public service activities.
Kevin Lygo, the broadcaster's director of television and content, said Channel 4 is committed to developing innovative content.
"We see out-of-London production as a crucial element of our wider creative commitment to developing a strong digital Britain, in both cultural and economic terms," he remarked.
Meanwhile, it has been reported that Channel 4 and the BBC are in talks to buy Virgin Media's stake in UKTV, which owns channels such as Dave and Gold.
Virgin Media currently owns over 50% of UKTV. A spokesperson for the company has declined to comment on the reports.