From 2013, responsibility for funding S4C began to transfer to the BBC, with the DCMS reducing its funding by 94% by 2015. The BBC will provide around £76m of funding to S4C by this date, resulting in a cut of around 25% to S4C's annual budget. In 2016, it was agreed that the BBC would provide £74.5m a year funding to S4C from the licence fee until 2022. The UK Government announced in 2018 that it would continue providing £6.72m until 2020, with the aim of S4C being funded wholly from the licence fee from 2022. This would see S4C's funding being decided as part of the licence fee settlement, for 10-year periods.