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The is facing a huge bill of up to £17million for its act of 'solidarity' after the UK was confirmed as being the host of next year's Song Contest.The public broadcaster, which is in the process of making £500 million of cuts this year after having its funding slashed, will shoulder most of the burden of paying for the annual competition.It comes after it was confirmed that , who won this year's contest in Turin in May, would not be allowed to host it for 'safety and security reasons' linked to the ongoing Russian invasion.It was announced yesterday that the 2023 contest will be held in the UK, sparking a race among more than a dozen cities to be the one to host the event for the first time in the country since 1998.The show, which is viewed by 161million people worldwide, is partly funded by contributions from participating broadcasters around Europe who put in a total of £5.3million. The host broadcaster - in this case the BBC - is expected to put in between £8million and £17million, which organisers say depends on 'local circumstances and available resources'. Questions will be raised how the BBC will pay its share, with the corporation already losing 1,200 staff and reducing its output after licence fee increases have failed to keep up with inflation over the last ten years. It will also have to make savings of £285million after the licence fee was frozen for the next two years by the government.There is also a contribution from the host city, either financially or 'in kind' such as covering expenses; and then funding through commercial revenue from sponsorship agreements, ticket sales, voting and merchandise.  more videos       DM.later('bundle', function()   DM.molFeCarousel.init('#p-17', 'channelCarousel',    "activeClass" : "wocc",   "pageCount" : "3.0",   "pageSize" : 1,   "onPos": 0,   "updateStyleOnHover": true   );   );   Ukraine's Kalush Orchestra won this year's Eurovision Song Contest, which was held in Turin, Italy on May 14.      This gave their country the right to host the event, but it has been moved to the UK over safety fears The UK's Sam Ryder, seen here performing in this year's show in Turin, Italy, came second.      Despite coming second the UK will now host it in place of the winners, Ukraine. Kalush Orchestra pose with the winner's trophy and Ukraine's flag after winning the Eurovision Song Contest 2022 in MayMartin Osterdahl, executive supervisor of the Eurovision Song Contest, said: 'We're exceptionally grateful that the BBC has accepted to stage the Eurovision Song Contest in the UK in 2023.'The BBC has taken on hosting duties for other winning countries on four previous occasions.'Continuing in this tradition of solidarity, we know that next year's contest will showcase the creativity and skill of one of Europe's most experienced public broadcasters whilst ensuring this year's winners, Ukraine, are celebrated and represented throughout the event.' Tim Davie, director-general of the BBC, added: 'It is a matter of great regret that our colleagues and friends in Ukraine are not able to host the 2023 Eurovision Song Contest.'Being asked to host the largest and most complex music competition in the world is a great privilege.      The BBC is committed to making the event a true reflection of Ukrainian culture alongside showcasing the diversity of British music and creativity.'The BBC will now begin the process to find a Host City to partner with us on delivering one of the most exciting events to come to the UK in 2023.'  A BBC spokesperson said: 'The Eurovision Song Contest is a co-production of the host broadcaster and participating members of the European Broadcasting Union (EBU).'There are a number of funding options to be explored that will contribute towards delivering a fantastic event and great value for Licence Fee payers.'The likes of Manchester, Sheffield and bookmarker London have already confirmed they will bid to host the contest, but the bookies have Glasgow as the favourites, with council leader Susan Aitken calling it a 'complete no-brainer' for Eurovision to come to the city.Aberdeen, , , , Bristol, Cardiff, , Glasgow, Manchester, Leeds, Liverpool, London, Newcastle, Nottingham, Sheffield, Swindon and Wolverhampton have all expressed an interest in hosting the event which will require a large events space, suitable accommodation and international transport links. The location in the UK will be chosen in the coming months, with a bidding process expected to be launched this week.      Organisers said the date for the event will also be revealed 'in due course', as will the logo.The 2021 Eurovision Song Contest, which was held in Rotterdam, Netherlands, ended up costing a total of £16.2m, an eye-watering figure that was actually under the original £19.4m budget.Dutch officials said the city earned £2.3m as a result of the show, although they added this was much less than in a normal year as the the Covid pandemic and subsequent lockdown kept people away. Manchester boasts good travel links and could host the event in the AO arena, which seats 21,000 people London's O2 arena seats 20,000 and routinely hosts huge concerts and events, most recently the UFC Glasgow is the bookies favourite and OVO Hydro (pictured) is the largest arena with a capacity of 14,300 Sheffield's largest arena is the Utilita Arena, which can seat up to 13,600 peopleLondon mayor Sadiq Khan mayor vowed to make it a contest that 'celebrates the people of Ukraine and shows off the very best of Britain'.Sheffield councillor Ben Miskell launched their campaign with the words 'Hello Europe.      This is Sheffield calling', and said that with a 13,000 capacity arena the city is 'a natural choice' to host. Manchester City Council leader Bev Craig announced the city intends to apply, while Night Time Economy Adviser for Greater Manchester Sacha Lord tweeted 'There is no better city than Manchester, to hold this'.Newcastle City Council released an official statement expressing a strong desire to host the event saying they would be 'a perfect host city'. Green MSP Ross Greer tweeted that this was Glasgow's 'moment to shine'.The Ukrainian entry, Kalush Orchestra, won the annual competition just over two months ago in an emotional victory in Turin, Italy, on May 14 and it is traditional that the winning country hosts the event the following year. RELATED ARTICLES             Share this article   Share         But the European Broadcasting Union said last month that it had concluded after a study that the 'security and operational guarantees' required to host the event could not be fulfilled by Ukraine's public broadcaster UA:PBC.The decision to rule out Ukraine as the 2023 host prompted its culture minister Oleksandr Tkachenko to issue a statement 'demanding to change the decision', while UA:PBC also expressed its 'disappointment' at the time.Kalush Orchestra's lead singer Oleh Psiuk said in a statement: 'Of course, we are very sad that the Eurovision Song Contest will not be held in Ukraine next year.'But we are grateful to the UK for their solidarity and for agreeing to hold the event in support of our country.'We hope Eurovision 2023 will have a Ukrainian flavour and celebrate our beautiful, unique culture.'We, in turn, will make all efforts to help Ukraine win next year as well, so that Eurovision 2024 can take place in a peaceful country.'The BBC, as national broadcaster of the UK, which was the runner-up this year with Sam Ryder's Space Man, was invited to act as host - and the corporation confirmed today that it would hold what will be the 67th contest. The event normally draws a television audience of about 200million and was last held in Britain in Birmingham in 1998.<div class="art-ins mol-factbox news halfRHS" data-version="2" id="mol-e64c8290-0c0f-11ed-8d02-b5259a12cb73" website faces up to £17M bill for hosting Eurovision Song Contest in 2023