23 August 2012
Key evidence from Smart Growth Analytics suggests that the rollout of Superfast Broadband will significantly boost the growth and success of Somerset's fast-growing 'industry' of home-based offices. In turn, this will help to promote economic growth, and create much-needed jobs, across the County.
The data shows that there are currently more than 9,000 dedicated home offices in Somerset, and that almost 4% of all those in employment in the County, are currently working in a home-based office on a daily basis. This is some 20% higher than found nationally, and around 5% more than found regionally, across the South West of England. In fact, amongst the 16 Principal Authority Areas of the South West, Somerset has one of the highest volumes of home offices; only Devon, Gloucestershire and Wiltshire contain more home offices than Somerset.
The economic importance of the home-based enterprise sector to the Somerset economy should not be under-estimated; recent analysis of business and employment growth trends shows that, since the economic downturn began in the spring of 2008, it is the growth of the home-based sector that has led to all net increases in both businesses and employment.
Full press release: (includes map and tables)
Superfast Broadband rollout set to boost home-based enterprise and economic growth across Somerset (23 August 2012)