Grantham radio station Gravity FM back on track after 'nightmare' few years
Community radio station Gravity FM is recovering from a ‘nightmare’ couple of years with a new licence to broadcast for five years.
Radio station director Alan Walters told the Journal that it was touch and go that the station would survive and that the board had come close to throwing in the towel.
But, following the setting up of a new board of directors in the last few years, the station is now on course to continue.
The station is run by a Community Interest Company (CIC), which means it is non-profit making and is run for the good of the community. It can apply for government grants and can also accept public donations.
The directors are going through the process of dissolving the old CIC and replacing it with a new company to run the station.
The station had an annual budget of £20,000 and is run solely by volunteers. It also makes money from advertising.
Mr Walters said: “We are stabilised. It has been a nightmare couple of years due to legacy issues. Now we have a new board made up of people who were involved in the station before but none of us were directors before.”
The station moved to new premises on Springfield Business Park last year thanks to ‘massive support’ from Grantham Estates.
Mr Walters added: “Because of the issues we have had in recent years, Companies House is happy to dissolve the CIC for us and we are happy for them to do it. A new company will run Gravity FM. We came close to not making it but we turned it around. We are still here.”