New Government figures indicate that gaining access to faster broadband has boosted UK businesses by \u00a39 billion.<\/p>\n
The Department for Culture, Media, and Sport (DCMS) says that superfast broadband has now been extended to almost five million homes and businesses.<\/p>\n
Firms have received a \u00a312.28 benefit for every pound invested by central and local authorities.<\/p>\n
Margot James, Digital Minister said the aim was to ensure access to fast and affordable broadband for all by 2020.<\/p>\n
In an attempt to boost the number of homes and businesses using fast broadband, Openreach has reduced the wholesale price.<\/p>\n
Therefore, if firms such as Sky and TalkTalk increase the number of customers using their networks, the costs to firms is subsequently reduced.<\/p>\n
Openreach Chief Executive, Clive Selley, commented on the DCMS\u2019s report, saying the rollout of superfast broadband was a great engineering achievement.<\/p>\n
\u201cIt is great to see businesses across the UK reaping the benefits of faster broadband speeds,\u201d he said.<\/p>\n
\u201cWe’ve also recently introduced a raft of lower wholesale prices to help drive higher take-up of faster fibre services which will help to further fuel the boost to the UK economy.\u201d<\/p>\n
At present, approximately 10 million households and businesses have upgraded to superfast broadband, with speeds reaching 24 megabits per second and above.<\/p>\n
Currently, the highest rate of superfast broadband availability is in North East England (97.19 per cent), followed by South East England (97.07 per cent) and the West Midlands (96.56 per cent).<\/p>\n
The lowest coverage level is in Northern Ireland (87.74 per cent), followed by South West England (93.34 per cent) and Scotland (93.53 per cent).<\/p>\n
By 2033, the UK Government wants to see all of the UK on full fibre broadband.<\/p>\n","protected":false},"excerpt":{"rendered":"
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