Glossary Term: Annual Budget
Our annual business plan and budget explains our activities for each coming year, how we manage our services, work with stakeholders to evolve the BSC, and present our running costs.
A draft business plan is published each December and sent out to the industry for feedback. The feedback is gathered and addressed and a completed business plan is published by the end of March the following year.
BSC defined definition
Means, in respect of each Plan Year, the budget sets out the expenditure which BSCCo considers reasonably necessary in order to carry out such activities in the Plan Year, referred to in Section C6.1.1(b);