£9 billion broadband boost for local business

Nadhim Zahawi has welcomed research showing that superfast broadband has boosted the turnover of local businesses across the UK by £9 billion. This boost to the UK economy has created 49,000 local jobs, showing the clear benefits that superfast broadband provides.

Nationwide superfast broadband coverage has now reached 95.39% due to the Government’s focus on hard to reach areas and in the West Midlands, 96.56% of homes and businesses can now access superfast services.

Work is on-going to extend coverage, with more than 1 million extra UK homes and businesses estimated to gain access to superfast speeds over the next few years, taking superfast coverage to 98% of the nation. The Government has introduced a Universal Service Obligation meaning everyone will have access to fast and affordable broadband by 2020. And is going even further, having set out plans to deliver nationwide full fibre connectivity by 2033 as part of the modern Industrial Strategy.

Nadhim Zahawi MP said:

“This shows that extending superfast broadband is making a real difference to local businesses, boosting turnovers and reducing unemployment. This is good news for businesses in the West Midlands as we move into an increasingly digital economy, and it’s great news that 96.56% of homes and businesses in the West Midlands now have access to superfast broadband. We know there is more to do, so are continuing to work with broadband providers to reach areas not yet covered and expect 1 million more homes and businesses to gain access in the next few years."