In 2017, the BBC began a programme designed to deliver efficiencies of £800 million a year by 2021-22. In 2020, it increased this target to £1 billion due to the financial impact of the COVID-19 pandemic.
By 2019-20, the BBC had delivered annual efficiencies of £618 million, with almost 80% of these coming from three of its six divisions. It still had to deliver £400 million more efficiencies by 2021-22, mostly from its more customer-facing divisions – Content (£235 million), Nations & Regions (£47 million), and News (£46 million).
Our report examines the BBC’s progress in hitting its savings targets; the impact of its savings upon its content and news coverage; and how well the BBC is preparing to deliver further savings.