Budget 2012 – any impact on tech?
Think it’s fair to say there were no major surprises with today’s budget. And that was more to do with most of it was leaked since Monday rather than Mr Osborne being predictable.
With the majority of our clients here at MUSTARD PR in the tech space, we thought it would be interesting to see if there could be any possible impact on the industry…
Many in the tech, digital and startup industry will have been very happy with the Government’s renewed commitment to making the UK Europe’s tech hub by boosting its spending on digital infrastructure. The goal is for 90% superfast broadband penetration.
“Super-connected cities”, as Osborne, which includes Belfast, Birmingham, Bradford, Bristol, Cardiff, Edinburgh, Leeds, London, Manchester and Newcastle, will all be receiving governmental help in improving broadband speeds. By 2015, 1.7 million households and 200,000 businesses will be connected to high-speed wireless broadband.
The four UK capitals – London, Edinburgh, Cardiff and Belfast will be the first to benefit and an additional £50 million to fund will be available for a second wave of ten smaller super-connected cities.
The average broadband speed currently in the UK is 7.6MBit/s. BT is currently upgrading its national broadband network and wants to reach the 90% target by 2014 with government assistance.
Mobile coverage will also be vastly improved, good news for many of us on the move, with 60,000 rural homes and along at least ten key roads by 2015 set for increased connectivity.
So, impact-wise, this could be big stepping stone for the UK technology scene. As with all budgets, it will be interesting to see how much of this comes to fruition.
Posted on March 21, 2012, in tech and tagged broadband, budget, Budget 2012, George Osborne, mobile, MUSTARD PR, science, superfast broadband, Tech, technology. Bookmark the permalink. Leave a comment.