Certainly. The radio fund is funded by the Canadian content development requirements for all commercial broadcasters. As a condition of licence, commercial broadcasters are required to give I think around 5% of their revenue to develop Canadian content. This money goes into FACTOR and it goes into the radio fund. Broadcasters also have discretionary spending for their own projects. Last year, I think the radio fund handed out around $3 million to radio stations. These are usually grants to develop programming and new initiatives. The local radio station CKCU-FM developed a grant to hire somebody to engage with local festivals, produce programming, and better connect them to local communities.
It's used more for project-based programming. There really isn't any funding available for structural costs, which is what a lot of our stations are struggling with.