30th August 2024 Posted by - Alexander Accountancy
Rural Businesses Set for Major Broadband Boost
Rural business owners across Britain are on the cusp of a significant digital transformation, thanks to a landmark deal between the UK Government and Openreach that’s part of an initiative aimed at modernising outdated broadband infrastructure.
With up to £800 million in investment, this ambitious project is aiming to deliver lightning-fast gigabit-capable broadband to around 312,000 homes and businesses in some of the most remote areas, including parts of Wales, Scotland, and England.
Current broadband challenges in rural areas
For many rural businesses, slow and unreliable internet has been a persistent challenge and can limit the business’ ability to compete in an increasingly digital economy.
This issue is particularly acute in areas such as the South Wales Valleys, Exmoor National Park, and the Forest of Bowland, where current broadband infrastructure struggles to support even basic online tasks. This lack of reliable connectivity has not only hindered productivity but also stifled innovation and economic growth in these regions.
Project Gigabit
Project Gigabit was launched by the government to try and bridge the digital divide. This initiative hopes to bring the fastest available broadband to rural areas that have been left behind.
Contracts worth £288 million have already been signed with Openreach under the agreement to connect approximately 96,600 homes and businesses in England and, for the first time, Wales. Areas to benefit include Lancashire, North Wiltshire, South Gloucestershire, West and Mid-Surrey, Staffordshire, West Berkshire and Hertfordshire, West and North Devon, and North West, Mid and South East Wales.
There are also further contracts in the pipeline, that will aim to extend high-speed connectivity to an additional 215,800 premises across Great Britain, including central and northern Scotland, North and South West Wales, and other remote regions.
Impact on Rural Businesses
For rural business owners, the rollout of gigabit-capable broadband could be a game-changer.
The improved infrastructure will enable businesses to operate more efficiently, whether that’s by facilitating remote work, enhancing online services, or making it possible for the business to adopt new digital technologies.
In turn, these improvements should also stimulate local economies and attract new businesses to the affected areas.
As the upgrade unfolds, rural businesses should be ready to capitalise on the opportunities that can come from improved broadband access.
If you need advice on whether you can claim any new broadband installation as a business expense, please get in touch by calling 01238 743851 or click here to contact us via our website.
See: rural-homes-and-businesses-to-get-access-to-faster-broadband-in-overhaul-of-old-infrastructure
