A recent survey from bOnline has shown that many SMEs are unsure about the availability of altnet in their area, with confusion over the UK’s broadband roll-out strategy.
Thu, 30/06/2022 - 15:15
Norwich is set for an economic boost of up to £560 from CityFibre’s £50m fibre network rollout, according to a study by the consultancy Hatch.
Potential economic impacts include £314m in productivity and innovation gains, £69m from a widened workforce, £1m in Local Authority efficiency savings and £245m in increased housing value.
The study also states that CityFibre’s network will help realise £749m in gross added value from 5G services, £235m from the Internet of Things and £133m from Smart City initiatives, like intelligent traffic management systems and street lighting.
Charlie Kitchin, Area Manager for Norwich at CityFibre, said: “This report demonstrates just how powerful and essential fibre is as a catalyst for growth and a platform for innovation and investment.”
Councillor Alan Waters, Leader of Norwich City Council, added: “Investment into Norwich’s digital future is paramount to achieving one of the five key ambitions in our 2040 vision for the city: a connected city.”
