The deployment of full-fibre broadband could boost the 海角视频 economy by billions, research has suggested.

In research from the Centre for Economics and Business Research (CEBR), commissioned by Openreach, the 海角视频 could see a boost to productivity of almost 拢60bn by 2025.

In the 鈥楩ull fibre broadband: A platform for growth鈥 report published today, it said connecting the 海角视频 to fibre-to-the-Premises (FTTP) broadband could enable smarter ways of working, better public services and greater opportunities for 海角视频 businesses.

The report said a reliable fibre connection could bring 500,000 people into the workforce, allowing more that 400,000 people to work from home and 270,000 people could be freed to move out of cities in rural areas.

This could save 300m commuting trips a year and help 鈥渟timulate regional and rural economic growth鈥, the report said.

The research said London would stand to benefit most from the rollout, with a productivity boost of 拢13.86bn, followed by North West at 拢5.5bn and the East at 拢5.38bn.

The reports comes as Openreach publish proposals to enable the government and industry to accelarate the rollout, claiming red tape and 鈥減unitive business鈥 are slowing down the rollout.

Openreach has called for an exemption from business rates to stimulate more investment, lower costs and reducing barriers to deployment and for the regulator to 鈥渟et the right conditions to unlock the commercial case for companies to build鈥.

Openreach - how much full fibre broadband could be worth

Centre for Economics & Business Research/Openreach

Mike Spicer, director of policy at the British Chambers of Commerce, said it 鈥渟trongly supports鈥 initiatives to speed up rolling our full-fibre across the 海角视频.

鈥淏usinesses across the 海角视频 tell us there is so much more they could do if residential internet connections were improved - from supporting flexible and agile working to providing new services to consumers.鈥

Openreach said building the network is the second largest infrastructure project in the 海角视频. The National Infrastructure Commission has estimated the cost at 拢33.4bn, with the majority coming from private investment.

Clive Selley, Openreach CEO, said: 鈥淔ull fibre is a vehicle to turbocharge our economy post-Brexit, with the power to renew towns and communities across the 海角视频. We鈥檙e proud to be leading the way with over 1.8 million homes and businesses already having access to our full fibre network.

鈥淲e鈥檙e currently building full fibre to around 22,000 premises a week鈥 which is one every 28 seconds. But we want to go even faster and further to 15m premises and beyond if we can get the right conditions to invest.鈥

He continued: 鈥淭hrough our Fibre First programme, Openreach is now building to 103 locations across the 海角视频 and we鈥檙e on track to build to four million premises by March 2021. With the right policies and regulation, we can build a better, more reliable broadband network faster than any other country in the world and unlock the benefits for the whole 海角视频.

鈥淚f that doesn鈥檛 happen, then many people will be locked out of a more connected future and the 海角视频 could lose its status as a global digital leader.鈥