The Secretary of State announced a six-year licence fee settlement on 18 January 2007, with the first increase of the settlement implemented from 1 April 2007.
The level and structure of funding announced will allow the BBC to deliver four key objectives:
- To fund the BBC to implement the vision of the BBC Charter Review White Paper and the new Charter and Agreement, maintaining relevance and impact in a period of rapid change
- To support digital switchover, including funding and delivery of the targeted help scheme
- To enable the BBC to widen the geographical spread of its production facilities, including by the move of significant production to the North West of England
- To maximise value for money to the licence fee payer
