Budget 2004 restores CTF funding
OTTAWA, March 23, 2004 -- The Honourable Hélène Chalifour Scherrer, Minister of Canadian Heritage, today confirmed the government's decision to restore funding to the Canadian Television Fund of $100 million per year for the next two years. The Budget includes $37.5 million to be added to the previously announced $62.5M for the upcoming fiscal year, and $100M for 2005-2006."This announcement confirms our commitment to Canada's television production industry," said Minister Chalifour Scherrer. "This is a clear affirmation of the CTF's importance and success."
The Minister added that since 1996 the government's investment in the Fund has levered investment from the private sector and generated nearly $5 billion worth of quality Canadian programming.
"We plan to work with the industry to improve the governance structure of the Fund,"
added the Minister. "The CTF is a key instrument for the development of quality Canadian programming."
Since its inception in 1996, the CTF has supported more than 3,000 projects that created more than16,300 hours of new programming.
Information:
Mylène Dupéré
Press Secretary
Office of the Minister of Canadian Heritage
(819) 997-7788
[ Media Room ]
