Cheltenham set for potential CityFibre boost

Fri, 25/11/2022 - 09:49
Neal Madle

CityFibre’s £30m investment into Cheltenham’s digital infrastructure may unlock £145m in productivity benefits, £32m from a widened workforce, £665k in Local Authority savings and £130m in increased housing value.

This comes from a study by Hatch that also lists technological benefits including £344m in gross added value (GVA) from 5G services, £93m from the Internet of Things and £61m from Smart City initiatives.

Area Manager Neil Madle said: “Full fibre is an essential catalyst for growth, but the findings within the Hatch report truly demonstrate just how powerful it is as a platform for innovation.”

Alex Chalk, Conservative Member of Parliament for Cheltenham, added:  “We are in a global competition for jobs and investment, and this vital infrastructure helps make Cheltenham an even better place to live, work and visit.”