Local businesses in areas covered by the government’s superfast broadband roll-out are making more money than ever before, according to a report.

Small and medium-sized enterprises (SMEs) located in areas covered by the government’s roll-out of superfast broadband services(Broadband Delivery UK, or BDUK) have seen a combined £9bn increase in turnover since receiving the boost to their service speed, according to figures just published.

In an Ipsos Mori-produced report, The evaluation of the economic impact and public value of the superfast broadband programme – an assessment of the impact of the superfast broadband roll-out from 2012 to 2016 – the Department for Digital, Culture, Media and Sport (DCMS) also revealed a £690m net increase in gross value added (GVA) to the UK economy, a reduction of 9,000 Jobseekers’ Allowance claimants and 2,500 fewer long-term benefits claimants, with 49,000 new jobs created overall.

 

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