United Kingdom

Details

  • Service: Tax, Budget 2012
  • Type: Press release
  • Date: 21/03/2012

Budget 2012: Boost for virtual city infrastructure 

Wednesday 21 March 2012

 

Kru Desai, KPMG’s head of Local and Regional Government, comments on the Chancellor’s announcement that ten cities will receive investment in ultrafast broadband and wireless access:

 

“Investing in their virtual infrastructure gives the cities that have successfully bid for a share of the government’s £100m urban broadband fund another string to their bow when it comes to marketing themselves as an attractive and modern business base.

 

“Offering seamless citywide access to ultrafast broadband will appeal to businesses, especially SMEs which tend to find it hardest to meet their digital needs, putting the beneficiary cities in a stronger position to compete as a base for business; supporting their economic growth objectives."

 

The ten cities which will receive the funding are: Belfast, Birmingham, Bradford, Bristol, Cardiff, Edinburgh, Leeds, London, Manchester and Newcastle.

 

The Chancellor also announced a new pot of £50m funding for smaller cities, though details are yet to be revealed.

 

Ends

 

 

Follow us on twitter: @kpmg_uk_llp #budget2012

For further information please contact:

 

Alison Anderson, KPMG Corporate Communications

T: 0113 254 2980 margot.cowhig@kpmg.co.uk

 

About KPMG:

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.