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BBC Worldwide is the main commercial arm and a wholly owned subsidiary of the British Broadcasting Corporation (BBC). Its vision is to build the BBC`s brands, audiences, commercial returns and reputation across the world. This is achieved through investing in, commercialising and showcasing content from the BBC around the world, in a way that is consistent with BBC standards and values. The business also champions British creativity globally. In 2013/14, BBC Worldwide`s headline profit was up 0.7% (or 11.6% at constant currency) to £157.4m, on headline sales of £1,042.3m. BBC Worldwide helps keep the Licence Fee as low as possible, returning over £1bn to the BBC since 2007, and £173.8m in the last financial year, an increase in 11.4% from 2012/13 and equivalent to 10.1% of BBC Television content spend. In the past seven years the company has invested over £1bn in the UK`s creative sector making it a major supporter for this increasingly important part of the `UK plc`. BBC Worldwide also sells programmes and formats produced by more than 250 British independent producers.
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