Financial Allocation. 2.1. The BTA’s financial settlement for 2020-21 is set out in its Spending Review Settlement letter from the Permanent Secretary. This letter includes the conditions of funding and the programme/admin split of the resource budget. 2.2. The BTA’s resource budget for the financial year 2020-21 is £39.14m (excluding depreciation). This represents an increase, in real terms, on 2019-20. The budgetary split between VisitBritain and VisitEngland should mirror the split in 2019-20. 2.3. The BTA’s capital settlement for 2020-21 is £0.186m. 2.4. The BTA were also awarded £5.5m to continue the Discover England Fund into 2020-21.
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Sources: Management Agreement, Management Agreement