York set for £357m in fibre benefits

CityFibre’s investment into York’s digital infrastructure may unlock £357m in economic benefits, according to a report by Hatch.

The study estimates that over a fifteen-year period, York will see £207m in productivity and innovation gains, £45m from a widened workforce, £7m in Local Authority efficiency savings and £143m in increased housing value.

Technological benefits include £492m in gross added value (GVA) from 5G services, £131m from the Internet of Things and £87m from Smart City initiatives.

Kim Johnston, Regional Partnership Director at CityFibre, said: “The report demonstrates just how powerful and essential Full Fibre is as a catalyst for growth and a platform for innovation and investment.”

Residents can currently access services via Vodafone, TalkTalk, Giganet, IDNET, No One and Hyperfiber with additional providers such as Zen expected to join the network soon.