Channel 4 Privatisation

Helen Grant Excerpts

Wednesday 27th April 2022 Commons Chamber

[Julia Lopez]

I will not speculate on the nationality of any company. We will be looking at bidders who share our vision for Channel 4, the important role that it plays in investment in our creative industries and the distinct and unique remit that it has in our country. We can provide further details as the process goes on, but I will not stand here and make commitments and crowd out particular buyers for an important UK company.

[Mrs Helen Grant (Maidstone and The Weald) (Con)]

Channel 4 is a prized national asset that was created by Margaret Thatcher 40 years ago. It puts public service before profit and continues to be sustainable, so why are the Government failing to consider its detailed plans to address their concerns? The plans were set out very clearly in a document entitled “4: The Next Episode”, which was provided to the Government on 28 January this year.

[Julia Lopez]

My hon. Friend plays an important role through her work with the all-party parliamentary group for Channel 4, and I am glad for the engagement that we have already had on the issue. I am also glad that she recognised the role of the Thatcher Government in creating this special entity. As I mentioned in my statement, it was set up to spur independent production in this country, and it has done a fantastic job in that, but the world has changed fundamentally.

My hon. Friend raises the alternatives that Channel 4’s management put forward. I assure her that we gave detailed consideration to those plans and tomorrow we will provide further details in a set of documents as to why we decided that they are not the right way forward. We also have duties to the taxpayer, to the wider creative sector and to the audience. Our reforms are really to sustain Channel 4’s place in in our creative ecology.