Report: CityFibre FTTP rollout to deliver £38bn in UK Economic Benefits
A report from consultancy firm Hatch commissioned by CityFibre identifies more than £38bn in potential economic benefits over a 15-year period from CityFibre’s rollout of gigabit FTTP. On completion, CityFibre’s network should cover 800,000 businesses, 400,000 public sector sites and 250,000 5G (mobile) access points. According to the report, economic impacts include £22bn in productivity benefits, £4.8bn from a wider workforce, £1.2bn from flexible working, plus £53bn in Gross Value Added (GVA) from 5G services, £16bn from the Internet of Things and £9.3bn from Smart City initiatives - as well as creation of some16,400 jobs.