The future of ConservativeHome

I recently suggested an ambition to create a new free news site that looks like an online British newspaper but where the content is provided by bloggers rather than conventionally-paid journalists.  I am pleased to announce that we have secured the backing of Lord Ashcroft to take forward this vision.

Yesterday an agreement was signed between Lord Ashcroft and Stephan Shakespeare that sees ConservativeHome become part of a new media company. Michael Ashcroft will be majority owner of this company (57.5%) with Stephan as the main minority shareholder and Chairman.

I have been given solid assurances by Michael that he does not wish to interfere with ConservativeHome's editorial policy in any way.  I am completely satisfied with those assurances and am delighted that such a major figure in the Conservative Party is willing to invest in the future of this website.  The proof of the pudding is, as always, in the eating and I hope and expect you'll see ConservativeHome and related initiatives go from strength to strength in the months and years ahead.

Tim Montgomerie