Community | 9 October 2019 - by Ian Midgley

Lightstream makes major economic impact on Hull and East Yorkshire

KCOM’s Lightstream full fibre broadband network has added nearly half a billion pounds to Hull and East Yorkshire‘s economy since its introduction.

Lightstream makes major economic impact on Hull and East Yorkshire

KCOM’s Lightstream full fibre broadband network has added nearly half a billion pounds to Hull and East Yorkshire ‘s economy since its introduction.

The huge figure has been revealed in an independent  report commissioned by Hull’s telecoms and broadband provider showing the value of a full fibre broadband network to the region.

Among the key findings in the report by technology experts Innovation Observatory is that Lightstream has contributed more than £469.3m to the local economy since KCOM began rolling it out in 2012.

The report also found that full fibre broadband now adds an extra £127m to the economy annually. This is greater than the contribution of the entire local financial services sector, which creates £111m of value annually.

For the report’s full findings see the report below.

Read the report

Related content

Hull businesses are set to score in front of thousands of football fans thanks to a new KCOM initiative.

Read more

The University Quarter and KCOM will provide Hull students with access to some of the fastest internet speeds available.

Find out more

Hull’s Centre For Digital Innovation (C4DI) has teamed up with Barclays to bolster the city’s burgeoning tech sector.

View more