Data released by the broadband provider Compare Fibre in 2021 indicated that the UK enjoys 96.8% superfast 30 Mbps, but disparities persist across regions. For instance, Orkney had under 0.9% full fibre provision, while areas like Oxford District and Luton Borough Council reported similar issues with only 1.1% and 1.5% full fibre coverage, respectively. This highlights the uneven distribution of high-speed internet across the UK.
The annual Metrics for the UK independent network sector report finds that alternative network providers saw robust growth in 2023, deploying their networks rapidly. The collective altnet footprint reached 12.9 million premises, marking a 35% share of the UK market, and a staggering 57% growth year-on-year. This growth aligns with the increasing access to fibre connections across the UK.
Gigafast speeds from full fibre connections pave the way for digital transformation, benefitting small and midsize enterprises (SMEs). With speeds ranging from 300Mbps to 1200Mbps, SMEs can use symmetrical upload and download capabilities for critical digital functions, such as point-of-sale systems, digital marketing, and online customer support.
Research shows that slow internet can lead to productivity losses, costing employees one week per year and the economy an estimated £598 million. By upgrading to fibre broadband, businesses can overcome these challenges and enhance productivity.
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