UK - The economic impact of BT across the UK - a report for BT

Regeneris has prepared a report for BT on its economic impact across the UK.

BT has 7,590 employees working in Scotland, with slightly more, 7,650, living in Scotland. The Gross Value Added (GVA) in Scotland was £586 million.

BT has published the report. It notes on:

Broadband impact: for the first time, this report also demonstrates the economic benefits resulting from BT's investment in fibre-based superfast broadband. BT's £2.5 billion programme will benefit as many as 10 million businesses and homes by the end of 2012 and make a significant contribution to the economy through creating GVA

On broadband, Regeneris observes:

For any one location such as a rural area, town or city it is expected that superfast broadband could create between £143 million and £19.8 billion in additional GVA. This equates to an annual increase in GVA of between 0.3% and 0.5%. The focus is on the business impacts which result from superfast broadband, which arise from a combination of improved business performance; business creation as a result of Cloud Computing and enhanced home working opportunities.

For a typical rural area (or set of rural counties) superfast broadband could lead to:

• An annual increase in GVA of 0.3% per annum over 15 years. For every £1 a business invests in superfast broadband, this will create nearly £15 in additional GVA for the UK economy
  
• 1,470 business start-ups as a result of Cloud Computing and support for 7,780 home workers
  Around 1,810 jobs created through business creation and improved business performance

For a typical UK town superfast broadband could lead to:

• An annual increase in GVA of 0.5% per annum over 15 years. For every £1 a business invests in superfast broadband, this will create nearly £16 in additional GVA for the UK economy
  
• 140 business start-ups as a result of Cloud Computing and support for 1,030 home workers
  
• Around 225 jobs created through business creation and improved business performance

For a typical UK city superfast broadband could lead to:

• An annual increase in GVA of 0.4% per annum over 15 years. For every £1 a business invests in superfast broadband, this will create nearly £14 in additional GVA for the UK economy
  
• 320 business start-ups as a result of Cloud Computing and support for 1,580 home workers
  
• Around 436 jobs created through business creation and improved business performance

For the UK's capital city superfast broadband could lead to:

• An annual increase in GVA of 0.5% per annum over 15 years. For every £1 a business invests in superfast broadband, this will create nearly £10 in additional GVA for the UK economy
  
• 6,600 business start-ups as a result of Cloud Computing and support for 73,000 home workers
  
• Around 26,200 jobs created through business creation and improved business performance