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Superfast broadband could bring £9bn boost to UK

(Image credit: Image Credit: Atm2003 / Shutterstock)

The Government is claiming its superfast broadband initiative has helped local businesses increase turnover by £9 billion. 

The Evaluation of the Economic Impact and Public Value of the Superfast Broadband Programme, an independent assessment (opens in new tab) of the impact the rollout has had in its first years (2012-2016) found that besides the £9bn increase, the report also says there has been a £690 million net increase in Gross Value Added to the UK economy, as well as a reduction of almost 9,000 individuals claiming jobseekers allowance.

The average ROI, according to the report, is £12.28 for every £1 invested by the Government and local authorities. And finally, the report says there is strong indication that high take-up rates of the Government's superfast program have encouraged the telecoms industry to expand their own commercial broadband projects.

“Our rollout of superfast broadband across the UK has been the most challenging infrastructure project in a generation but is one of our greatest successes,” said Minister for Digital, Margot James. “We are reaching thousands more homes and businesses every week, that can now reap the clear and tangible benefits that superfast broadband provides. We are helping to ensure the downfall of the digital divide.”

Over the next few years, it is estimated that another million of UK homes and businesses will gain access to superfast broadband, taking its coverage to 90 per cent.

Image Credit: Atm2003 / Shutterstock

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.