The installation of super-fast broad band across Wales is opening up opportunities for businesses looking to relocate to the Principality.
That’s the view of commercial property experts at Bruton Knowles who say anecdotal evidence is already showing a rise in the number of firms looking for a better work / life balance with many already having made the move.
And as the fibre optic style broadband reaches further into the Wales, so too will the number of businesses looking for suitable places to set up their operation or for those looking to work from home.
Nick Worman of Bruton Knowles said:
“More and more businesses are internet or web-based and this means they don’t necessarily have to be located in traditional, urban areas to operate.
“In the past they would have had to be near broadband hotspots where they could log on without any issues.
“But the rise in super-fast connectivity has allowed, in particular, tech-based firms the chance to make the most of competitive rates and a lifestyle for their staff many often dream of.”
With the Superfast Cymru project bringing access to high speed broadband to the majority of homes and businesses in Wales and Openreach installing not only its latest G.fast technology but its ultra-fast broadband network to more than 12,500 households and businesses in Swansea, enquiries can only increase.
Change in priorities
Nick is also keen to point out that one of the main questions now asked when a business is making an enquiry about an office or business unit is the broadband speed, with details such as energy efficiency and business rates now coming a little lower down the priority list.
“A building’s broadband connection is the first item people now ask about when making an enquiry about potential premises. It means landlords wanting to let their property will need to make sure the broadband connection is of a suitable standard.
“Otherwise potential tenants will look elsewhere and leave the landlord with potential voids.
“Superfast broadband ensures that employers no longer have to compete for access to slow and limited conventional broadband services. It also allows employees to potentially work from home as they can access company systems from the comfort of their own kitchen or home office.
“Superfast broadband has taken away the importance of location with more and more businesses moving away from major conurbations such as London as they come to realise the benefits of re-locating to this part of the UK.
“Our view is that as superfast broadband deployment increases so too will interest in properties across Wales.
“It will also help solve any issues around commuting, and opens up the wonderful surroundings that this part of the UK has on offer.”