Openreach says full-fibre broadband will deliver £60bn in economic benefit

Research published by Centre for Economics and Business Research (Cebr) in October 2019 shows that nationwide full fibre could boost UK productivity to the tune of £60 billion by 2025. Only 3% of the UK can currently access full-fibre broadband. Ofcom and the Government want to see this increase significantly and have been working to encourage more investment and competition in the market.

Digital connectivity is critical for UK consumers and is a major source of strength for the economy. However, in order to meet the continuously growing demands on the existing network, upgrades are now required to future-proof the network and to ensure the UK can continue to maintain this growth. Full fibre broadband will be the most effective and cost-efficient way of delivering this upgrade.

Openreach is already leading the way, having reached more than 1.8 million homes and business with full fibre and their ambition is to upgrade most of the country. They welcome the Government’s announcement that £5 billion will be invested to support the build of gigabit-capable infrastructure for the hardest to reach 20% of the UK.

Full-fibre broadband uses fibre-optic cables to deliver the broadband connection all the way from the exchange building to your home. It means you don’t have to rely on decades-old copper cables to provide your broadband, which can suffer faults and see speeds drop-off significantly at peak times.

One of the potential impacts of full fibre deployment will be to make distance increasingly irrelevant and allow for more work to be done remotely instead of in the traditional workplace.

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As we see the potential for full-fibre broadband to revolutionise connectivity with its promised £60bn economic benefit, it's clear that the right broadband service can significantly enhance both home and business environments.

If you're keen to dive deeper into the capabilities of modern broadband, consider exploring the advantages of Wi-Fi 6, which can help you maximise the potential of your broadband. For businesses looking to make responsible choices, our guide on why to choose ethical broadband offers insights into making a positive impact. Meanwhile, home users will benefit from understanding the advantages of cooperative broadband.

To help you navigate the options available, our comparison of ethical broadband packages breaks down the key differences. Lastly, for tips on optimising your setup, check out our guide on how to get the most out of your broadband, ensuring you are fully equipped to make the most of these innovations.

Photo by John Adams