– Report published by infrastructure experts outlines growth potential –
A report outlining the substantial economic, social and environmental benefits to be gained from greatly enhanced 4G and 5G capability across Scotland has been published today (26 August 2019) by infrastructure experts, the Scottish Futures Trust (SFT).
The SFT-commissioned report, Scotland’s digital potential with enhanced 4G and 5G capability, states that if Scotland capitalises on opportunities presented by 4G and 5G, in just over 15 years Scotland’s GDP could increase by £17bn and that annual tax revenues could rise £5.7bn as a result from 3,000 new businesses employing 160,000 more people.
In addition, non-stop connectivity delivered through 5G networks has the potential to improve access to healthcare and education, deliver seamless multi-modal transport experiences and reduce energy consumption and costs through smart, integrated energy grids.
The Deloitte report, commissioned by SFT, points out that the benefits from digitalisation will require long-term commitments by policymakers and industry to address key challenges. The report has therefore been published to coincide with Scottish Government’s 5G strategy which sets out Scottish Government’s commitment and the steps it will take to embrace the huge economic benefits to be derived from enhanced 4G and 5G capability.
