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.
Tue, 28/02/2023 - 14:19
CityFibre’s £50m investment into Southend-on-Sea’s digital infrastructure could spawn £800m in economic benefits.
The study estimates that over a fifteen-year period, Southend-on-Sea will see £296m in productivity and innovation gains, £65m from a widened workforce, and up to £497m in increased housing value.
Technological benefits include £705m in gross value added from 5G services and £125m from potential Smart City initiatives.
The new jobs created will also generate an estimated £23m in incremental GVA and most will be recruited locally to support the rollout. In Southend-on-Sea, flexible working productivity uplifts are estimated to exceed £17m.
Area Manager Jean Gowin said: “The research underlines how transformational full fibre infrastructure will be for Southend-on-Sea.
“Our network will propel the city forward, unlocking innovation and productivity gains for businesses, while allowing seamless streaming at home.”
