FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                            Report of Foreign Issuer

  

                    Pursuant to Rule 13a - 16 or 15d - 16 of

                      the Securities Exchange Act of 1934

  

                        For the month of November 2004
                               3 November, 2004
  

  
                       BRITISH SKY BROADCASTING GROUP PLC
                              (Name of Registrant)

  

                Grant Way, Isleworth, Middlesex, TW7 5QD England
                    (Address of principal executive offices)

  

Indicate by check mark whether the registrant  files or will file annual reports
under cover of Form 20-F or Form 40-F
  

                    Form 20-F X            Form 40-F

  

Indicate by check mark whether the  registrant  by  furnishing  the  information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
  

                    Yes                    No X 

  

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): Not Applicable

  

                                 EXHIBIT INDEX


                                    Exhibit

 
EXHIBIT NO. 1   Press release of British Sky Broadcasting  Group plc
                announcing New GBP1,000 million RCF released on 
                3 November, 2004




                                           3 November 2004

                       BRITISH SKY BROADCASTING GROUP PLC

                    GBP1,000 million Revolving Credit Facility

British Sky Broadcasting Group plc ('BSkyB') signed a new GBP1,000 million
Revolving Credit Facility on 3rd November 2004. The transaction was jointly
arranged by Deutsche Bank, Barclays Capital, Citigroup, JP Morgan and RBS, with
Deutsche Bank and Barclays Capital as bookrunners and Barclays Capital as
Facility Agent.

The new facility will mature in July 2010 and will be used for general corporate
purposes and to refinance BSkyB's existing, undrawn, facility, which was due to
mature in March 2008.

Syndication of the facility was significantly oversubscribed. Given the level of
interest, the Company was able to secure sufficient credit commitments solely
from its existing group of relationship banks, and commitments from that group
were also scaled back in the final allocations to participating banks.

Pricing of the transaction is linked to a Net Debt:EBITDA grid, with an initial
margin of 45bps over LIBOR. This compares with a margin of 70bps over LIBOR on
the existing facility. Commitment fees on the undrawn amounts under the facility
are 40% of applicable margin.

The new facility will provide the Group with an extension to the maturity
profile of its existing financing arrangements and will deliver continued
financial flexibility on attractive terms.


Enquiries:
Analysts/Investors:
Neil Chugani Tel: +44 20 7705 3837
Alison Dolan Tel: +44 20 7705 3623
E-mail: investor-relations@bskyb.com

Press:
Julian Eccles Tel: +44 20 7705 3267
Robert Fraser Tel: +44 20 7705 3036
E-mail: corporate.communications@bskyb.com



                                   SIGNATURES

  

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

  
                                         BRITISH SKY BROADCASTING GROUP PLC
  

Date: 3 November, 2004                   By: /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary