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Tech

New gigabit broadband network in Devon will generate more than £1bn, according to study

The Connecting Devon report, published by policy institute Curia, was commissioned by South West internet provider Wildanet

Helen Wylde, chief executive of Wildanet (Image: Wildanet )

A new report has analysed the social, economic and environmental benefits of digital inclusion, predicting that the roll out of a gigabit capable broadband network in Devon will generate more than £1bn of new business gross value added by 2030.

The Connecting Devon report was published by policy institute Curia and commissioned by South West internet provider Wildanet. It showed that Devon could benefit from gigabit-speed broadband "as a result of increased productivity, revenues, export and SME growth".

Curia also forecasts a major environmental impact, with more than £400m of equivalent carbon taxation savings between 2021 and 2030.

Wildanet is currently working in more than 15 areas across Devon to bring its gigabit-capable network to more than 25,000 homes and businesses across the county including Ashburton, Axminster, Holsworthy, Ipplepen, South Brent, South Molton, Totnes, Yealmpton and Yelverton.

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Devon is currently underperforming compared to the rest of the º£½ÇÊÓÆµ, with only 54% having access to gigabit speed broadband, against a national figure of 75%, according to the report.

The º£½ÇÊÓÆµ government are currently rolling out a £5bn programme to connect hard-to-reach communities and earlier this year awarded Liskeard-based Wildanet with two contracts worth £36m to provided gigabit-capable broadband to more than 19,000 premises in South West Cornwall and Mid Cornwall as part of Project Gigabit.

Additionally, the report highlights that 39% of people in the South West have ‘low’ or ‘very low’ digital skills and in Devon 78,000 people have still never used the internet.