The engineering team has a budget that big? Do you know what the budgets are for the other aspects of the BBC? Like TV and radio broadcasting, production of TV and radio shows, administration, HR and other areas?
Europe average R&D spend cross industry is just above 4%, but that's mostly pulled up by R&D on healthcare (which is closer to 18%). Without healthcare I think it's around 2%. I would hope to see them spend at least £100m on R&D, but that's obviously not just on broadcast technology.
