Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

Government launches £40 million fund to unlock 5G benefits across the UK

The government has launched a £40 million fund to local and regional authorities to increase 5G innovation and digital connectivity for residents and businesses, set to boost productivity by £159 billion by 2035.

This fund supports the Prime Minister’s goal of expanding the British economy through digital infrastructure such as innovative healthcare, smart transportation, and new farming practices, aimed at authorities in the manufacturing, transport, agriculture and public services sectors.

The funding will allow towns, cities and rural areas across the UK to take full advantage of the benefits, advancing wireless connectivity while offering a faster delivery of public services and breaking down barriers which hinder the rollout of emerging technologies.

Applications which are now open will close on the 10th September 2023 and the winners, who will be announced later in the year, will be a part of the newly created 5G Innovation Regions supported by the UK Telecoms Innovation Network (UKTIN) which will also launch a nationwide campaign

Elizabeth Anderson, Interim CEO at Digital Poverty Alliance commented:”It is fantastic to see the government taking action towards providing improved connectivity for all as our world becomes increasingly digital. Those without access miss out on a number of opportunities, from education level to employment and all the way through to retirement age. Services such as online portals to access homework or school resources, job applications and online banking all require digital connectivity, highlighting just a few of the many services that are now accessible online. ”

“Currently, 11 million people are experiencing digital poverty in the UK, excluding them from everyday resources or services that many of us take for granted. While it is positive to see the government prioritising digital connectivity, more must be done and businesses, charities and public bodies should come together to tackle affordability and basic digital skills, to ensure online connectivity and digital access is not just a privilege, but a basic necessity made available to all.”

The Minister for Data and Digital Infrastructure, Sir John Whittingdale, said: “Greater adoption of 5G-powered technologies will help deliver more efficient public services, new opportunities for residents and businesses, and a boost for economic growth –  and this new fund will give local areas from across the country the opportunity to be at the forefront of Britain’s world-leading 5G revolution.

Improving connectivity through a world-class digital infrastructure is one of the core components of the government’s plans to level up every community in the UK and I encourage local areas to apply and to be ambitious in their vision for reaping the rewards of 5G.”

Read more:
Government launches £40 million fund to unlock 5G benefits across the UK

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved