CityFibre’s £40m investment into Dundee’s digital infrastructure may unlock £230m in economic benefits, according to a report by Hatch.
The study estimates that over a fifteen-year period, Dundee will see £131m in productivity and innovation gains, £29m from a widened workforce, £7m from working productivity uplifts and £79m in increased housing value.
Technological benefits include £311m in gross added value (GVA) from 5G services, £106m from the Internet of Things and £55m from Smart City initiatives.
“The report demonstrates just how powerful and essential full fibre is as a catalyst for growth and a platform for innovation and investment,” Allan McEwan, Area Manager for Dundee at CityFibre.
Leader of Dundee City Council, Councillor John Alexander, added: “Dundee has been named as one of the world’s top ‘places of the future’ and having reliable, state-of-the-art connectivity underpins our ambitions to create opportunities through new technologies.