Ternary metal vanadates have recently emerged as promising photoelectrode materials for sunlight-driven water splitting. Here, we show that highly active nanostructured BiVO4films can be deposited onto fluorine-doped tin oxide (FTO) substrates by a facile sequential dipping method known as successive ionic layer adsorption and reaction (SILAR). After annealing and deposition of a cobalt phosphate (Co-Pi) co-catalyst, the photoelectrodes produce anodic photocurrents (under 100 mW cm-2broadband illumination, 1.23 Vvs. RHE) in pH 7 phosphate buffer that are on par with the highest reported in the literature for similar materials. To gain insight into the reason for the good performance of the deposited films, and to identify factors limiting their performance, incident photon-to-electron conversion efficiency spectra have been analyzed using a simple diffusion–reaction model to quantify the electron diffusion length (Ln; the average distance travelled before recombination) and charge separation efficiency (ηsep) in the films. The results indicate thatηsepapproaches unity at sufficiently positive applied potential but the photocurrent is limited by significant charge collection losses due to a shortLnrelative to the film thickness. The Co-Pi catalyst is found to improveηsepat low potentials as well as increaseLnat all potentials studied. These findings help to clarify the role of the Co-Pi co-catalyst and show that there could be room for improvement of BiVO4photoanodes deposited by SILAR ifLncan be increased.