Surrey superfast broadband deal gets the green light

Surrey superfast broadband deal gets the green light

10:09am Tuesday 27th November 2012 in Redhill & Horley Life

 Plans to roll out superfast broadband to virtually every home and business in Surrey have been given the go-ahead.

The European Union (EU) has now given the green light to the project which, when completed, will make Surrey the best connected county in the UK.

Surrey will also be one of the first to connect to superfast broadband, and hopes are high that the scheme could boost the local economy by at least £28 million a year.

The boost estimate is based on World Bank research, which showed that a 1% increase in broadband coverage results in a 0.12% rise in gross domestic product (GDP). Surrey’s gross value added (GVA) – its equivalent to GDP – is £28 billion a year, meaning growth of 0.1% through better broadband coverage would result in a £28 million boost to the county’s economy.

Read the rest of this article in Redhill & Horley Life online here & a related article on ComputerWeekly.com here