Cornwall could be in line to become the UK’s new Silicon Valley as a report from Orange suggests that the drive towards universal broadband could result in city-based workers heading to the South West for a better life.
The South West as a whole could see a population increase of more than 150% by 2015 as access to faster internet speeds allows more people the flexibility to live and work in a place of their choosing. This would present exciting opportunities for Cornish businesses and property owners alike as demand for services and properties increase.
The ‘Connected Britain’ report, conducted by YouGov, found that workers would accept pay cuts of almost £7,000 a year for a chance to work from home, choosing more idyllic surroundings, should the necessary technology be available.
Orange UK, Director of Corporate Marketing, Robert Ainger said,
“The long-entrenched domination of the South East in Britain’s economic structure could at last be coming to a close, with many workers wanting to trade their city lives to work from more rural and idyllic parts of the country. Much like the industrial revolution, the digital revolution we are currently going through will forever change the way we all lead our lives.”
“Universal connectivity is already having a huge impact on our lives,” said Futurologist James Bellini.
“Our research shows that already 39% of people are able to work some or all of the time from a location of their choice and employees are increasingly realising that they can be just as productive working from home or on the move. As connectivity across Britain increases, so too will mobile working, making the traditional office almost obsolete. In fact, by 2020, a successful and forward-looking business will have no HQ, probably no CEO and only a fraction of the fixed assets it has today.” he continued.