Kingdom FM's existing licence agreement with the regulator Ofcom was due to expire this year, and the new licence extends its broadcast rights to the end of 2027.
Independent radio station Kingdom FM has been awarded a new 12-year broadcast licence by the regulator Ofcom.
Kingdom FM's existing licence agreement was due to expire this year, and the new licence extends its broadcast rights to the end of 2027.
The station, which is 80 per cent owned by of local business and residents, reported a two per cent increase in turnover last year to £857,058 and invested £70,00 enlarging its sales team, adding a new website and rebranding its audio output.
Managing director Blair Crofts said: “Being awarded the Fife licence for a further 12 years is fantastic news for everyone involved with the station and a real boost to the business.
“The enlarged sales team has settled in superbly well and is delivering great results. “Order bookings for the current year are sitting at a six-year high and we’ve seen a sharp increase in bookings for next financial year, which gives us a great platform to deliver further sales growth well into the future.”
He added: “The next phase of our growth strategy is to invest in new studios and transmission equipment which will futureproof the business.
“This significant capital investment will result in much-improved studio facilities for our broadcasting talent and will further enhance the service we offer to our listeners.
“As we implement this second phase of our strategy there will be a number of significant challenges, not least of which is to get all the funding in place to meet our ambitious plans, but our key aims remain to run the business profitably and to continue to provide the local community with a first-class local radio service they can be proud of.”
Kingdom FM currently employs 18 staff.