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, 12/07/2022 - 11:29
CityFibre’s £40m investment into Swindon’s digital infrastructure could unlock a £495m economic boost for the city, according to a report by Hatch.
The study estimates that, over a fifteen-year period, the positive impacts will include £335m in productivity and innovation gains, £74m from a widened workforce, £10m in Local Authority efficiency savings and £150m in increased housing value.
CityFibre’s network may also unlock £797m in gross added value (GVA) from 5G services, £163m from the Internet of Things and £141m from Smart City initiatives. Working productivity uplifts are estimated to exceed £19m.
Neil Madle, Area Manager for Swindon at CityFibre, said: “This report demonstrates just how powerful and essential full fibre is as a catalyst for growth in the town and a platform for innovation and investment.”
Councillor David Renard, leader at Swindon Borough Council, said: “The rollout of fibre infrastructure across the Borough is essential if we want our economy to continue to thrive in the years to come and this report outlines some of the huge benefits we can expect to see.”
