Source · National Audit Office

The BBC’s strategic financial management

Published: 20 Jan 2021 Recommendations: 6 Type: Value for Money NAO confirmed: 6 Department: Department for Culture, Media & Sport

This report assesses how the BBC has positioned itself to respond to financial and strategic challenges and opportunities.

Dept: Department for Culture, Media & SportUnknown (358) Topics: Arts and cultureCommercial and financial managementEfficiency and savingsFinancial sustainabilitySociety and culture nao.org.uk →

Recommendations

6 items

6 accepted 6 implemented

Rec	Recommendation	Addressee	Acceptance	Implementation
1	The BBC should develop its strategic response for its longer-term financial future by: a) as soon as it is possible, producing a long-term financial plan which sets out the detail for the next stage of its savings, and how it will fund its new strategic priorities Ref Page 13, paragraph 20, point a · Implemented 03/2022	BBC	Accepted	Implemented ✓ NAO
2	b) setting out a plan to fulfil its requirement to represent all audiences by reaching out to underserved audiences while also making significant changes to its operations in the UK’s nations and regions; Ref Page 13, paragraph 20, point b · Implemented 03/2022	BBC	Accepted	Implemented ✓ NAO
3	c) setting out a clear strategy for its aspirations for technology and personalisation of its services, with a focus on timing and how this will be funded; Ref Page 13, paragraph 20, point c · Implemented 03/2022	BBC	Accepted	Implemented ✓ NAO
4	d) setting out how it will monitor its wider economic value within the UK’s media and broadcasting landscape on a more regular basis in the future; and Ref Page 13, paragraph 20, point d · Implemented 03/2022	BBC	Accepted	Implemented ✓ NAO
5	e) monitoring all savings achieved by expenditure category, in order to more effectively identify the scope for further savings. Ref Page 13, paragraph 20, point e · Implemented 12/2022	BBC	Accepted	Implemented ✓ NAO
6	The BBC should assess, a year from now, the effectiveness of the mechanisms it has established for learning from its experiences of managing projects and bearing down on the costs associated with these. Ref Page 13, paragraph 21 · Implemented 01/2022	BBC	Accepted	Implemented ✓ NAO

Public Accounts Committee follow-up

1 report

The Public Accounts Committee examined this NAO report and published its own recommendations. The government responds to PAC recommendations via Treasury Minutes.

21 May 2021 Public Accounts C… Second Report - BBC strategic financial management — 1 recommendation · parliament.uk