Connectus is investing an additional £500,000 at Doncaster Airport Business Park, which will allow the company to expand its work in and around the site’s Innovation Centre that includes 140 business units for start-ups and expanding businesses.
Tue, 27/09/2022 - 11:31
CityFibre’s £52m investment into Plymouth’s digital infrastructure may unlock £420m in economic benefits, according to a report by Hatch.
The study estimates that over a fifteen-year period, Plymouth will see £233m in productivity and innovation gains, £51m from a widened workforce, £12m in local authority efficiency savings and £177m in increased housing value.
Technological benefits include £555m in gross added value (GVA) from 5G services, £210m from the Internet of Things and £98m from Smart City initiatives.
“The report demonstrates just how powerful and essential full fibre is as a catalyst for growth and a platform for innovation and investment,” said Kathryn Askew Smith, Area Manager for Plymouth at CityFibre.
Johnny Mercer, MP for Plymouth Moor View, said: This report reveals the huge benefits this network will bring our local economy.
“Fast and reliable broadband is essential for businesses, schools and families to make the most of opportunities online.”
