Thousands of jobs are being created thanks partly to the government’s super-deduction, the biggest two year tax cut in modern British history, the Chancellor heard on Friday during a visit to Openreach in Peterborough.
The super-deduction rewards companies that invest in new equipment or infrastructure by cutting their tax bill.
Openreach has announced it is accelerating plans to deliver Full Fibre broadband to the UK’s hardest to reach communities, creating thousands of jobs, thanks in part to support provided through the super- deduction.
The Chancellor of the Exchequer, Rishi Sunak, visited Openreach’s Training Centre in Peterborough this week and met some of these new recruits.
Openreach are bringing direct fibre broadband to 25 million UK premises by 2026, while helping to create 7,000 new engineering jobs.
This will include delivering ultrafast, ultra-reliable broadband to more than 6 million premises in the UK’s hardest to reach areas. Recruitment by Openreach for 1,000 engineering jobs in 2021 is already underway.
During the visit, the Chancellor received a demonstration on safe working from Openreach apprentices, before touring its “open street” used for training engineers, where he was able to have a go at installing broadband himself.