Beacon Asset Finance’s MD tells Real Business how he hopes the government’s new industrial strategy can address connectivity issues in rural areas as slow speeds can ensure business grinds to a stop.
You cannot understate the role of broadband connectivity in the UK’s economy. Our technology sector is exploding – there are 1.46m people employed in digital tech companies in the UK, 98 per cent of which are small businesses.
Broadband is vital for businesses these days, but in many parts of the UK there’s a dire lack of choice and limited speeds. Many premises only have the option of ADSL broadband which is feeling increasingly outdated and takes its toll on firms in rural areas.