The Broadband Stakeholder Group publishes research by Oxera to help local authorities understand the localised economic benefits of full-fibre and 5G
Key localised economic benefits of full-fibre and 5G include:
- Local authorities can see up to 3.2 per cent increase in new businesses operating in the area. If reflected in business rates, a local authority could see an increase in gross revenue of over £10,000
- Existing businesses will see an increase in productivity which should result in an expected increase in turnover of up to 3.8 per cent per worker per annum
- Local authorities can realise direct benefits by being able to implement more innovative public service delivery whilst driving down costs, such as through increased cloud adoption.