16 January 2013 - 8:03am | posted by | 0 comments

BBC claims to contribute £8bn to UK economy

BBC claims to contribute £8bn to UK economyBBC claims to contribute £8bn to UK economy

The BBC has fired off its latest salvo in its continuous campaign to justify maintaining the existing license fee by publishing the findings of a study it commissioned which show the organisation contributed £8bn to the UK last year – nearly twice the annual license fee spend.

Published in the guardian the figures show some regions fared better than others however; with London and the North West faring disproportionately well – at the expense of the rest of England.

For instance whilst investment in the north of England jumped 19.7% to £391m on the back of MediaCity the Midlands region actually saw its GVA collapse by 21.7% to £199m as resources were reallocated.

Wales also saw its GVA decline by 6.2% to £276m and the south was off by 18.8% year-on-year to £699m.

Despite a dip in spending in the south total BBC GVA in the capital still stands at £5.65bn – nearly three times the sum lavished on England, Scotland, Wales and Northern Ireland combined.

The BBC arrived at a figure of £8.3bn after totting up the ripple effect of their spending on suppliers further down the food chain to arrive at an inflated ‘Gross Value Added’ total.

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

The Rainforest Foundation UK - celebrity art auction creative

28/11/2014
999 has worked with The Rainforest Foundation UK on a wide...

Cobalt Place

27/11/2014
Digital strategy and fully integrated campaign for...

Launch + Sponsorship + Rooster = Social Media Success!

26/11/2014
September 2014 saw Garuda Indonesia launch their new London...