Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > GO DIGITAL NEWCASTLE LAUNCHES TO BRING A PREDICTED £150M TO CITY ECONOMY
    Top Stories

    GO DIGITAL NEWCASTLE LAUNCHES TO BRING A PREDICTED £150M TO CITY ECONOMY

    GO DIGITAL NEWCASTLE LAUNCHES TO BRING A PREDICTED £150M TO CITY ECONOMY

    Published by Gbaf News

    Posted on February 20, 2014

    Featured image for article about Top Stories

    TODAY Newcastle launched plans to become one of the UK’s first super-connected cities in a scheme that will boost the city’s economy by a predicted £150 million.

    Go Digital Newcastle, a government scheme delivered by Newcastle City Council, will see 97% of Newcastle given access to superfast fibre broadband by 2015, free Wi-Fi in Newcastle City Centre, a cloud computing centre, business connection vouchers and a business support programme.

    GO DIGITAL Newcastle Launches To Bring A Predicted £150m To City Economy

    GO DIGITAL Newcastle Launches To Bring A Predicted £150m To City Economy

    The UK Broadband Impact Study published this year by analysts SQW concluded for every £1 invested in broadband by government the UK economy will benefit by £20.

    Council leader Cllr Nick Forbes said: “Superfast broadband can help turn local heroes into superheroes – our city-based businesses can use the faster speeds to reach new markets and products and compete on both a national and international scale.

    “The economic benefits to the city will be significant and further cement Newcastle’s reputation as an exciting place to live and work.

    “Go Digital Newcastle will boost the local economy and help create and protect local jobs.”

    Newcastle is one of 22 super-connected cities where small businesses (SMEs), charities and social enterprises can apply for connection vouchers worth up to £3,000 to get connected to high speed/high grade broadband with one of nearly two hundred registered suppliers.

    Local businesses, charities and social enterprises are being urged to sign up for a connection voucher. It’s a fantastic opportunity to open up a world of superfast opportunities for their organisation. They will also be able to benefit from a free business support programme offering digital master classes and workshops, delivered by BE Group.

    Visitors to the city and people needing internet access while on the move will have access to free Wi-Fi across the city and in public buildings, in high streets and there are plans to bring it onto the Metro

    Newcastle householders will also benefit if they choose to upgrade to fibre broadband at home. Superfast connection speeds mean everyone in the family can do their own thing online at the same time, from downloading HD movies to file sharing, accessing public services and chatting to friends and family on Skype.

    Chi Onwurah, MP for Newcastle Upon Tyne Central said Newcastle needs to be at the heart of the digital economy and Go Digital Newcastle’s superfast broadband has a critical part to play.

    “Good connections bring huge benefits to people both in their work and in their home life – in today’s fast-moving world, they’re a necessity rather than a luxury,” she said.

    “They will make Newcastle even more attractive to organisations looking for a base with world-class connections, while enhancing the activities of our local businesses, helping create and safeguard jobs.”

    Digital pioneer Herb Kim said: “At the Thinking Digital Conference, we’ve seen example after example about the positive impact that broadband connectivity has made all around the world.

    “And in the case of broadband speed and capacity, faster is definitely better.

    “Faster broadband means our businesses can be more competitive, our research more intensive and our collaboration made all the easier. It is the fundamental foundation for a 21st Century economy.

    “It’s great news that Go Digital Newcastle will be dramatically improving Newcastle’s broadband speeds and hence our ability to connect with and collaborate in the modern global economy.”

    Under the Go Digital Newcastle initiative, BT was awarded the contract to deploy fibre broadband across the city. Previously, broadband was mostly carried on copper cables, which meant that the further away from an exchange you were, the slower your broadband was.

    Now, copper is being replaced by state-of-the-art fibre optic cabling to cabinets in streets across Newcastle, delivering speeds of up to 80Mbps – most businesses and homes will be able to access 30Mbps or higher.

    The network will be open to all communications providers on an equal wholesale basis, so householders and businesses will benefit from a highly competitive market.

    Faster Broadband Means Our Businesses Can Be More Competitive, Our Research More Intensive And Our Collaboration Made All The Easier. It Is The Fundamental Foundation For A 21st Century Economy

    Faster Broadband Means Our Businesses Can Be More Competitive, Our Research More Intensive And Our Collaboration Made All The Easier. It Is The Fundamental Foundation For A 21st Century Economy

    Bill Murphy, BT’s managing director of next generation access, added:  “Newcastle is the major cultural and economic centre of the North East and as a result residents and businesses are demanding faster and better broadband connectivity.

    “Already in Newcastle more than 66,000 homes and businesses can access fibre broadband on BT’s network and this figure grows daily. Many local businesses are already feeling the benefits. But I hope our investment in and partnership with Go Digital Newcastle will help to push fibre as far as it can go in a city being branded as ‘tech’s best kept secret’ and ‘the place to be for digital start-ups outside London.’”

    Around £9m of public funding is being put into Go Digital Newcastle.  Funding comes from:

    • The Local/Rural Broadband Programme, co-funded by the Council, the Government and BT. BT is investing £1.89m, with the Council investing £970,000 plus £970,000 from the Government’s Broadband Delivery UK (BDUK) Local/Rural Broadband Programme fund.
    • The Government’s Super Connected Cities Programme, covers the Broadband Connection Voucher scheme, Wi-Fi in the city and on the Metro and the Cloud Innovation Centre.
    • ERDF and the Council are funding the Business Support programme of training and masterclasses.

    DCMS Communications Minister Ed Vaizey said: “Today businesses expect and demand faster and faster broadband to compete in the global race and the Government’s connection vouchers will be an important tool for cities in helping to address that demand.

    “The UK already does more business online than any other European country and Government’s investment in super connected cities, like Newcastle, will provide a welcome boost to the local economy.”

    Cllr Forbes said: “This initiative means Newcastle will be one of the best-connected cities in the UK, which gives our local economy huge advantages when it comes to competitiveness and attracting business.

    “And for local residents who sign up with a supplier to receive superfast broadband at home, it will revolutionise the way they shop, find information, download entertainment and compare prices – it’s like turbo-charging your lifestyle.”

    • To find out more about Go Digital Newcastle and the Connection Voucher scheme, visit the new website at www.godigitalnewcastle.co.uk/business.

     

    TODAY Newcastle launched plans to become one of the UK’s first super-connected cities in a scheme that will boost the city’s economy by a predicted £150 million.

    Go Digital Newcastle, a government scheme delivered by Newcastle City Council, will see 97% of Newcastle given access to superfast fibre broadband by 2015, free Wi-Fi in Newcastle City Centre, a cloud computing centre, business connection vouchers and a business support programme.

    GO DIGITAL Newcastle Launches To Bring A Predicted £150m To City Economy

    GO DIGITAL Newcastle Launches To Bring A Predicted £150m To City Economy

    The UK Broadband Impact Study published this year by analysts SQW concluded for every £1 invested in broadband by government the UK economy will benefit by £20.

    Council leader Cllr Nick Forbes said: “Superfast broadband can help turn local heroes into superheroes – our city-based businesses can use the faster speeds to reach new markets and products and compete on both a national and international scale.

    “The economic benefits to the city will be significant and further cement Newcastle’s reputation as an exciting place to live and work.

    “Go Digital Newcastle will boost the local economy and help create and protect local jobs.”

    Newcastle is one of 22 super-connected cities where small businesses (SMEs), charities and social enterprises can apply for connection vouchers worth up to £3,000 to get connected to high speed/high grade broadband with one of nearly two hundred registered suppliers.

    Local businesses, charities and social enterprises are being urged to sign up for a connection voucher. It’s a fantastic opportunity to open up a world of superfast opportunities for their organisation. They will also be able to benefit from a free business support programme offering digital master classes and workshops, delivered by BE Group.

    Visitors to the city and people needing internet access while on the move will have access to free Wi-Fi across the city and in public buildings, in high streets and there are plans to bring it onto the Metro

    Newcastle householders will also benefit if they choose to upgrade to fibre broadband at home. Superfast connection speeds mean everyone in the family can do their own thing online at the same time, from downloading HD movies to file sharing, accessing public services and chatting to friends and family on Skype.

    Chi Onwurah, MP for Newcastle Upon Tyne Central said Newcastle needs to be at the heart of the digital economy and Go Digital Newcastle’s superfast broadband has a critical part to play.

    “Good connections bring huge benefits to people both in their work and in their home life – in today’s fast-moving world, they’re a necessity rather than a luxury,” she said.

    “They will make Newcastle even more attractive to organisations looking for a base with world-class connections, while enhancing the activities of our local businesses, helping create and safeguard jobs.”

    Digital pioneer Herb Kim said: “At the Thinking Digital Conference, we’ve seen example after example about the positive impact that broadband connectivity has made all around the world.

    “And in the case of broadband speed and capacity, faster is definitely better.

    “Faster broadband means our businesses can be more competitive, our research more intensive and our collaboration made all the easier. It is the fundamental foundation for a 21st Century economy.

    “It’s great news that Go Digital Newcastle will be dramatically improving Newcastle’s broadband speeds and hence our ability to connect with and collaborate in the modern global economy.”

    Under the Go Digital Newcastle initiative, BT was awarded the contract to deploy fibre broadband across the city. Previously, broadband was mostly carried on copper cables, which meant that the further away from an exchange you were, the slower your broadband was.

    Now, copper is being replaced by state-of-the-art fibre optic cabling to cabinets in streets across Newcastle, delivering speeds of up to 80Mbps – most businesses and homes will be able to access 30Mbps or higher.

    The network will be open to all communications providers on an equal wholesale basis, so householders and businesses will benefit from a highly competitive market.

    Faster Broadband Means Our Businesses Can Be More Competitive, Our Research More Intensive And Our Collaboration Made All The Easier. It Is The Fundamental Foundation For A 21st Century Economy

    Faster Broadband Means Our Businesses Can Be More Competitive, Our Research More Intensive And Our Collaboration Made All The Easier. It Is The Fundamental Foundation For A 21st Century Economy

    Bill Murphy, BT’s managing director of next generation access, added:  “Newcastle is the major cultural and economic centre of the North East and as a result residents and businesses are demanding faster and better broadband connectivity.

    “Already in Newcastle more than 66,000 homes and businesses can access fibre broadband on BT’s network and this figure grows daily. Many local businesses are already feeling the benefits. But I hope our investment in and partnership with Go Digital Newcastle will help to push fibre as far as it can go in a city being branded as ‘tech’s best kept secret’ and ‘the place to be for digital start-ups outside London.’”

    Around £9m of public funding is being put into Go Digital Newcastle.  Funding comes from:

    • The Local/Rural Broadband Programme, co-funded by the Council, the Government and BT. BT is investing £1.89m, with the Council investing £970,000 plus £970,000 from the Government’s Broadband Delivery UK (BDUK) Local/Rural Broadband Programme fund.
    • The Government’s Super Connected Cities Programme, covers the Broadband Connection Voucher scheme, Wi-Fi in the city and on the Metro and the Cloud Innovation Centre.
    • ERDF and the Council are funding the Business Support programme of training and masterclasses.

    DCMS Communications Minister Ed Vaizey said: “Today businesses expect and demand faster and faster broadband to compete in the global race and the Government’s connection vouchers will be an important tool for cities in helping to address that demand.

    “The UK already does more business online than any other European country and Government’s investment in super connected cities, like Newcastle, will provide a welcome boost to the local economy.”

    Cllr Forbes said: “This initiative means Newcastle will be one of the best-connected cities in the UK, which gives our local economy huge advantages when it comes to competitiveness and attracting business.

    “And for local residents who sign up with a supplier to receive superfast broadband at home, it will revolutionise the way they shop, find information, download entertainment and compare prices – it’s like turbo-charging your lifestyle.”

    • To find out more about Go Digital Newcastle and the Connection Voucher scheme, visit the new website at www.godigitalnewcastle.co.uk/business.

     

    Related Posts
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Top Stories PostKONTRON TO INTEGRATE OPENSTACK CLOUD MANAGEMENT COMPONENTS WITH SYMKLOUD SERIES
    Next Top Stories PostTHE MEETINGS SHOW’S HOSTED BUYER PROGRAMME OPENS FOR APPLICATIONS FROM THE FINANCE COMMUNITY

    More from Top Stories

    Explore more articles in the Top Stories category

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    View All Top Stories Posts