As part of its recent Charter agreement with the UK Government, the BBC agreed with the Department for Digital, Culture, Media and Sport (DCMS) to undertake a review of the BBC’s Research & Development (R&D) activity.
On 23 January the BBC published the findings of this review, including a cost-benefit analysis of its R&D spending undertaken by DotEcon, a qualitative assessment of the BBC’s successes to date and consideration of future objectives. The review concludes that BBC R&D delivered significant value to the BBC, audiences, the creative community, the wider industry and the UK economy.
DotEcon’s independent cost-benefit analysis estimates that every pound spent by BBC R&D conservatively delivered a return of £5 to £9 for the UK.
More information about the review, the BBC report and the DotEcon report can be found on the BBC website.