More new-build properties in the UK could be set to benefit from high-speed broadband connectivity after infrastructure provider Openreach announced it is offering a major discount off full fibre installations to builders of small developments.
The company has confirmed that as of November 1st, it will be reducing the amount it charges developers of small-scale projects - those consisting of fewer than 30 premises - by 75 per cent.
It stated this could see up to 40,000 new properties a year across 5,000 developments equipped with high speed fibre-to-the-premises (FTTP) technology.
The new discount will build on Openreach's existing scheme for new-builds, which sees it offer to install FTTP free of charge at any development consisting of 30 or more properties. This scheme has been in place since 2016 and has resulted in full fibre technology being made available to more than 80 per cent of UK new-build plots - working out to some 600,00 premises at 4,700 developments.
Kim Mears, managing director of strategic infrastructure development at Openreach, said: "The UK is a world leader in digital infrastructure and services today, but as the digital revolution continues at an ever increasing pace, and our demand for data grows, we need to make sure this country stays ahead of the curve by building fast, reliable networks that cater for all the activities we’ll want to do online in the decades ahead."
She added that the new deal will provide a low cost option to housebuilders and should help boost the adoption of future-proofed connectivity technology and ensure no-one is left behind.
The news was welcomed by the Home Builders Federation, with technical director at the organisation Craig Ferrans saying: "We are committed to working with service providers such that we can deliver the high-speed, future-proofed broadband that homeowners are looking for."
Openreach highlighted a recent London School of Economics study that showed how important fast connectivity is for homebuyers, with one in ten walking away from a property that suffers from a poor internet connection.