Fibre primes Newcastle for economic boost

Mon, 13/03/2023 - 16:57

CityFibre’s £62m investment into Newcastle’s digital infrastructure may unlock £440m in productivity and innovation gains, £97m from a widened workforce, £24m in local authority efficiency savings and £213m in increased housing value.

Technological benefits include £1bn in gross value added (GVA) from 5G services, £297m from the Internet of Things and £185m from Smart City initiatives.

Area Manager Paul Wakefield said: “This report demonstrates just how powerful and essential full fibre is as a catalyst for growth and a platform for innovation and investment.”