Welcoming the news that Virgin Media will invest £3 billion in the UK’s internet infrastructure, Jimmy McLoughlin, the IoD’s Deputy Head of Policy said:
“This investment is good news for Britain’s army of small and medium-sized businesses. Access to fast and reliable internet boosts productivity and breaks down barriers to entry, allowing companies to access new markets at home and abroad.
“The UK leads the world in the digital economy, and we must make sure no company or consumer is left behind. A cutting-edge and competitive broadband market will be a fundamental part of building on this success. Virgin Media’s investment ensures more businesses will have a choice of provider and consumers will benefit from new investment and a better service.
“Furthermore, the promise of thousands of jobs and apprenticeships shows the vital role that businesses play in developing the skills needed for the high-tech economy of the future.”