WightFibre, in collaboration with Curia, has released a groundbreaking report detailing the economic, social, and environmental benefits of the full-fibre broadband rollout on the Isle of Wight.
The report reveals that this initiative is set to drive significant growth, enhance public services, and improve quality of life for residents. With WightFibre aiming for 99% coverage by 2027, the Isle of Wight is set to become one of the most connected rural areas in the UK.
Unveiling the Economic Impact
WightFibre’s investment in full-fibre broadband is projected to revolutionise the Isle of Wight’s economy. By 2030, the initiative is expected to create 1,800 new jobs, secure 450 existing ones, and generate £328 million in new business. This development will add approximately £86 million annually to the island’s Gross Value Added (GVA), marking a significant boost to the local economy.
John Irvine, Chief Executive of WightFibre, commented, “This investment is the largest private sector initiative the island has seen in generations. It’s not just about faster internet; it’s about transforming our economy, attracting new businesses, and creating opportunities for our residents.”
Enhancing Public Services and Social Wellbeing
The full-fibre rollout is set to bring substantial savings and improvements to public services. By 2030, the public sector is projected to save over £2 million, with annual savings of £3.5 million anticipated from 2024 onwards. These savings stem from enhanced remote healthcare services and the integration of digital inclusion strategies.
The report also highlights a £50.2 million social value benefit by 2030, driven by improved access to online education, healthcare, and other essential services. Digital inclusion efforts will ensure that all residents, regardless of their background, can participate in and benefit from the digital economy.
Pioneering Environmental Sustainability
WightFibre’s full-fibre infrastructure is not only an economic driver but also a catalyst for environmental sustainability. The report estimates carbon tax savings equivalent to £62.6 million by 2030, with annual savings exceeding £12 million. These benefits are realised through reduced travel, energy efficiency, and other environmentally friendly practices enabled by robust digital connectivity.
WightFibre’s projects, such as the sustainable development at Branstone Farm, exemplify how digital infrastructure can support broader environmental and social goals. These initiatives are integral to achieving the Isle of Wight’s vision of a connected and sustainable future.
Looking Ahead: The Future of Connectivity in the Isle of Wight
WightFibre aims to extend full-fibre broadband to 99% of the Isle of Wight’s premises by 2027. This ambitious goal will place the island well ahead of the national average, ensuring that residents and businesses enjoy the highest quality digital services.
The investment in full-fibre broadband is aligned with the Isle of Wight Council’s 2017 Digital Strategy, which aspires to make the island the world’s smartest and most connected. Curia’s report provides a comprehensive roadmap for realising this vision, demonstrating how advanced digital infrastructure can drive economic growth, enhance public services, and improve social wellbeing.
“The Isle of Wight’s Digital Island Vision aims to be the world’s smartest, most connected island. With investments in full-fibre broadband the island is on track to achieve this goal, driving economic growth, social wellbeing, and environmental change. The benefits of this transformation will be signficant for current and future generations.”
Ben Howlett, CEO of Chamber and Curia
Final Thought
The Isle of Wight is at the forefront of a digital revolution, with WightFibre’s full-fibre broadband rollout paving the way for transformative economic, social, and environmental benefits. By 2030, the island will not only be a better place to live, work, and play but also a model for other rural areas seeking to harness the power of digital connectivity.
Continued investment and innovation will be crucial to sustaining this momentum and fully realising the Isle of Wight’s digital potential. With this transformative infrastructure, the island is set to become a beacon of progress and prosperity for the entire UK.
For further details and to access Curia’s full report, please click here. Or alternatively, visit our publications page at: www.chamberuk.com/publications.
