Openreach’s full fibre rollout to boost economy by £73bn in next decade – report  

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The report, commissioned by Openreach, is summary of the ‘spatial, employment and social impacts’ of the company’s full fibre rollout 

A new report commissioned by Openreach and produced by the Centre for Economics and Business Research (CEBR) has outlined the value of ultrafast connectivity could deliver to the UK economy by 2034.  

The report forecasts that the rollout of full fibre could add £66 billion a year to the UK economy by 2029, rising to £73 billion by 2034. It attributes this growth to improved productivity and the return of over 620,000 people to the workforce by the end of the current parliament, with numbers climbing to 652,000 by 2034. 

Realising these potential economic gains, however, relies heavily not only on  the technology’s effective delivery, but on its widespread, especially in less connected regions. Recent research from Point Topic suggests that fibre take-up in the UK currently sits at 34.7%, below the European average of 54.4%.  

The report also highlights the shift to remote work, which was accelerated by the pandemic, as a key driver in fibre’s ongoing economic impact. By 2029, it estimates an additional 900,000 people will be working from home compared to 2024, many in rural areas. This could help reverse rural depopulation trends by allowing people to live further from major cities while maintaining their careers. However, delivering reliable broadband to hard-to-reach areas remains a major challenge. 

The environmental benefits of the fibre rollout could also be significant. By 2034, the reduction in commuting is expected to cut over 4 billion kilometres of car travel annually, leading to a reduction of 320,000 tonnes of carbon emissions each year. While these numbers are encouraging, they hinge on widespread adoption of remote work and sustained progress in building digital infrastructure. 

The report also highlights how full fibre could enhance public services. It estimates that the NHS could enable 5 million additional online appointments by 2029, while better broadband access may help thousands of students achieve higher grades.  

Beyond its economic and environmental impacts, Openreach emphasises the social value generated by the rollout. The company estimates that small and medium-sized businesses gain £1.2 billion annually from enhanced connectivity, and it reports over 8,000 hours of staff volunteering in community projects. Openreach has also implemented ethical training for its 16,000 suppliers to strengthen responsible practices.  

The UK’s fibre rollout is a significant infrastructural investment, but it is not without challenges. Ensuring equitable access across regions, maintaining delivery pace, and helping communities adapt to new technologies will all be critical. While the report paints an optimistic picture of what ultrafast broadband could achieve, turning that potential into reality will require close collaboration between government, industry, and local stakeholders. 

Join us at next year’s Connected North 2025 live in Manchester! Discounted tickets are available here 

Also in the news:
VMO2 launches UK’s first 5G standalone small cells in Birmingham
BT says Labour’s budget will cost company £100m
Vodafone Spain and Telefonica complete FibreCo deal



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