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In 2012 a government scheme was launched to roll out superfast broadband to 'commercially unviable' parts of the UK.
An independent review published by the UK's Department for Digital, Culture, Media and Sport has now concluded the Superfast Broadband Programme “led to an increase of house prices of between £1,700 to £3,500.”
The programme secured faster broadband connections for 5.5 million homes and businesses, resulting in £2.7 billion in subsequent economic benefits since 2012.
Those benefits broken down:
- An increase in home values within programme areas of 1.16 per cent, worth £1.52 billion
- 17,600 more jobs in programme areas
- Increased workplace productivity, worth £1.1billion.
According to Digital Secretary Oliver Dowden, superfast broadband has benefits well beyond a faster download speed, "It’s boosting the value of homes and businesses, while helping to create thousands of jobs and keep the economy moving.
“Some 96 per cent of us can now access superfast broadband, but 11 million homes are still missing out on faster speeds available in their area.
“I encourage anyone fed up with slow loading times or shaky video calls to check with their provider or an online switching service and see if they can join the superfast lane."
What is superfast broadband?
Also known as fibre broadband, superfast broadband is any service uses fibre optic cable to send and receive data, and that has a download speed of 24Mbps or higher. Most operate at at least 35Mb. Ultrafast broadband goes up to 100Mbps.
This is considerably faster than traditional ADSL internet. ADSL internet speeds sit around 10-11Mb, making most superfast broadband at least three times as fast.
The result is a speedier, more reliable connection. In addition to much faster downloading, the extra speed helps internet connections in large households, especially if lots of people are using the internet concurrently. Play online games frequently, stream 4K TV or films? Fibre broadband revolutionises the experience. You will no longer have to deal with buffering.
Which provider is right for me?
Major providers are competitive in offering superfast packages, vying for market share. This makes it a buyer's market when selecting a company to go for.
Most broadband providers offer 18 month contracts, though some go up to 24 months. An installation cost is standard, though this varies from between £10 to £60.
There's quite a variance on price. As you may have experienced, some broadband providers are patchy and poor at customer service. We haven't included those that we have had disappointing experiences with in the past.
In terms of paying more, this is worth doing if you want TV channels as an add-on, faster speeds, and a more reliable service. We've noted who offers what below.