William Eichler 13 September 2019

Full-fibre and 5G could boost council revenue by £10,000

Investing in full-fibre and 5G could increase a local authority’s revenue intake by £10,000, new research suggests.

A new report from the Broadband Stakeholder Group (BSG) has outlined the the localised economic benefits of full-fibre and 5G.

Written by Oxera on behalf of BSG, the study revealed that if local authorities invested in full-fibre and 5G, they could see an increase of up to 3.2% in new businesses operating in the area.

If reflected in business rates, the researchers calculated, a council could see an increase in gross revenue of over £10,000.

Existing businesses will also see an increase in productivity which should result in an expected increase in turnover of up to 3.8% per worker each year.

‘Full-fibre and 5G networks will bring technological and service quality improvements over previous generations of fixed and mobile networks,’ reads the report.

‘They will provide faster and more reliable connectivity, as well as a conduit for new applications and services that can take advantage of the technological improvements these new connections will bring.

‘These new services and applications will enable new and improved business practices and end-user services such that increased availability and take-up of full-fibre broadband and 5G will lead to positive outcomes for businesses, consumers, local government and wider society.’

BSG added that local authorities would be able to realise direct benefits by being able to implement ‘more innovative public service delivery’ whilst driving down costs, such as through increased cloud adoption.

SIGN UP
For your free daily news bulletin
Highways jobs

Makaton Tutor - Part Time / Term Time

Essex County Council
£25821.00 - £30377.00 per annum + + Pension
Makaton Tutor - Part Time / Term TimePermanent, Part Time£30,377 per annum, full time equivalent / equal to £15.74 per hour.Location
Recuriter: Essex County Council

Assistant Urban Design Intern

Essex County Council
Up to £25081.00 per annum + + 26 Days Leave & Local Gov Pension
Assistant Urban Design InternFixed Term, Full Time£25,081 per annumLocation
Recuriter: Essex County Council

Wellbeing and Independence Practitioner - Safeguarding Team

Essex County Council
£31931.00 - £36423.00 per annum + + 26 Days Leave & Local Gov Pension
Wellbeing and Independence Practitioner - ASC Centralised Safeguarding TeamFixed Term, Full Time£31,931 to £36,423 per annumLocation
Recuriter: Essex County Council

Financial Strategy Manager (Revenue)

The Royal Borough of Kensington & Chelsea Council
Negotiable
Bring clarity to complex decisions and help shape how we invest in our borough's future.Bring clarity to complex decisions and help shape how we inves England, London
Recuriter: The Royal Borough of Kensington & Chelsea Council

Team Manager - Locality

Wakefield Council
£55,979.00, Grade 13
Wakefield Children’s Services have been rated by Ofsted as GOOD with outstanding leadership. Wakefield, West Yorkshire
Recuriter: Wakefield Council
Linkedin Banner