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BBC raises budget by £23m to cover rising costs

Funding for children's services has also been increased, with funds originally allocated to BBC1 and

The BBC Trust has announced a rise in baseline budgets for all its service licences by about £23m to cover rising property costs.

The move will help fund the BBC's shift to a leasehold estate as it attempts to generate capital by selling off its freehold properties.

Following the Trust's approval of budgets for the financial year (2010-2011), a revised service licence for each of the 28 BBC services - TV, online and radio - has been published. The licences detail the remit, strategy, budget and target for the broadcasting corporation's key activities.

Besides the rise in budgeting for property, funding for children's services has been increased by £8.5m. CBBC and CBeebies have been supplemented with funds originally allocated to BBC1 and BBC2.

The Trust also plans to review the way it monitors service licence budgets to ensure they conform to targets.