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 March 2003
                            21 March 2003



                       BRITISH SKY BROADCASTING GROUP PLC
                              (Name of Registrant)



                Grant Way, Isleworth, Middlesex, TW7 5OD 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 Revolving Credit Facility released on
               21 March 2003

EXHIBIT NO.1

                                                                 21 March 2003


                       BRITISH SKY BROADCASTING GROUP PLC

                     GBP600 million Revolving Credit Facility


British Sky Broadcasting Group plc ('BSkyB') signed a new, five year,  GBP600
million Revolving Credit Facility on 20 March 2003.  Syndication of the new
facility was launched on 14 February to BSkyB's existing lending banks and a
select group of new banks, and was successfully closed this week.  The
transaction was jointly arranged by Barclays Bank plc, Citigroup and Deutsche
Bank AG London.



The new  facility  has been  used to  cancel  BSkyB's  existing  GBP750  million
facility,  originally due to mature in June 2004. In addition,  BSkyB's existing
GBP300 million  facility has been reduced to GBP200 million and will mature,  as
before, in June 2004. Total available  facilities now total GBP800 million,  and
will  reduce to GBP600  million  from June  2004,  in line with the  anticipated
reduced  capital  requirements  of the Group,  which has been cashflow  positive
since January 2002.


The syndication was substantially oversubscribed.  Given the significant level
of support, credit commitments have been scaled back in the final allocations to
participating banks.


Pricing of the  transaction  is linked to a leverage  grid based on the ratio of
net debt to earnings before interest,  tax, depreciation and amortisation,  with
an initial margin of 112.5bps fixed until June 2004. The pricing of the existing
GBP300 million facility,  now downsized to GBP200 million,  is unaffected by the
new GBP600 million facility and remains based on a ratings grid.


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



Enquiries:        Martin Stewart, Chief Financial Officer
                  Tel: 020 7705 3000


                  Neil Chugani, Director of Corporate Finance & Treasury
                  Tel: 020 7705 3837


                                   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: 21 March 2003                      By: /s/ Dave Gormley
                                             Dave Gormley
                                             Company Secretary