However, there are some audience shortfalls.

The annual report also highlights that the BBC continues to reach 90% of U.K. The BBC also introduced a new socio-economic diversity target of 25% this year.Īnd the ambition to diversify production outside London is on track, with 54% of content being produced outside the capital and in the nations and regions of the U.K. On the corporation’s 50:20:12 staffing targets, staff make-up is now 49.5% women, 16.4% Black and minority ethnic and 9.3% disabled - all up on last year. “Every £1 of the BBC’s economic activity now generates a total of £2.63 for the wider economy,” the BBC said.Įlsewhere, the BBC is meeting several of its stated ambitions. The BBC’s investment in the creative sector is supporting economic growth and 53,000 jobs across the U.K. The past financial year marks the first time the business has topped £200 million in profits. BBC Studios, the commercial arm of the corporation drove growth, with profits up 50% year-on-year to £226 million and sales up 30% to £1.63 billion. Operating costs have increased from last year but the BBC attributes this to a strong year of content delivery and commercial growth. We’ll also make our own contribution of course, by setting out the key principles against which we believe options for future funding models should be assessed in order to support the BBC, as a national and as a global asset.” We believe all options should be looked at, and nothing should be off the table. And from the board’s point of view, we welcome an informed debate. “However, the BBC recognises that the licence fee is a privilege, and that the funding settlement offers certainty against which we can plan.”Īddressing the future funding model of the BBC, Sharp said, “The government is planning to launch a review into the BBC’s funding model. Clearly, this is disappointing,” Sharp told a media briefing. “The working assumption is that this will open up an income gap, which is modelled to be at least £285 million a year by 2027-2028.

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