Study shows BT adds £79m to Lincolnshire economy

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BT has contributed by £79 million to the Lincolnshire economy in the past year according to an independent study by Regeneris Consulting.

The report shows that BT supported 9,900 jobs in the East Midlands – of which 1,270 are in Greater Lincolnshire – through direct employment, spending with contractors and suppliers and the spending of employees.

BT’s investment of more than £3 billion in fibre broadband across the UK includes the Onlincolnshire broadband partnership between BT and the county council that has made fibre broadband available to more than 155,000 homes and businesses across the county.

The overall economic impact of BT and EE activities is expressed as a Gross Value Added (GVA) contribution. For the East Midlands this combined GVA totalled £770 million – equivalent to £1 in every £130 of the region’s total GVA – of which more than £79 million was in Lincolnshire.

Earlier this year BT took over mobile network provider EE in a £12.5 billion deal and announced Openreach and EE would be investing around £6 billion more over the next three years in the first phase of a plan to extend superfast broadband and 4G coverage beyond 95 per cent of the country by 2020.

Owen Moody, BT’s regional director for the East Midlands, said: “The acquisition of EE means we can invest even further, enabling people living and working in the county to get access to the best communications – fixed-line, mobile and broadband services – now and in the future.”