The method offundingshallgradually change from self-raisingbyresidentstomulti-channelfund-raising , and the expenditurestructure shall also be adjusted.
The licence fee would only be kept as the main methodoffunding the BBC if the public was convinced that the corporation was spending money wisely, he said.
It says that this is all part of a move from an old methodoffunding FE institutions to a more effective method, the changes have been planned since 2004 and colleges should be prepared for the new funding arrangements.