With more business than ever being done online, it’s vitally important for firms to have a fast, reliable, full fibre internet connection that enables businesses to keep in touch with suppliers, partners and customers.

In particular, what’s needed if firms are to ensure they have the right tools for both today and tomorrow is a gigabit-capable fibre connection. But many firms may find this difficult if there are not already strong options available in their area. While companies can always pursue their own connectivity solutions, this has traditionally been a very expensive option that many small firms cannot afford.

That’s why the government has stepped in to assist with this, through the use of the Gigabit Broadband Voucher Scheme (GBVS), which offers funding to small and medium-sized enterprises to ensure they can access the fastest internet connectivity at their premises.

Why full fibre differs from other options

Many small and medium-sized businesses may not realise why they should be looking at full fibre broadband as their best option for futureproofing their connectivity. Many firms may, for instance, believe they are already taking advantage of fibre broadband, as ‘fibre’ is often portrayed as the standard option for those upgrading from legacy ADSL networks. 

In fact, what is typically marketed as ‘fibre’ is often actually ‘fibre-to-the-cabinet’ (FTTC) broadband, which only uses fibre-optic cabling as far as the local cabinet, thus still relying on copper to deliver connectivity across the last mile to the business.

This limits the speed and reliability that this technology can offer. Full fibre as offered under the GBVS, on the other hand, ensures that the faster fibre-optic cabling runs right to your door, and this gives you access to speeds that can be as much as 20 times faster than the UK average. 

In addition, it promises better reliability and lower latency, ensuring that no matter what path your business may take in the coming years, you’ll have the solid foundations you need to cope with it.

The benefits to your business

While gigabit broadband will set your company up well for many years to come, there are a number of immediate benefits you can also take advantage of. What this means for your business is access to a huge range of capabilities that other connectivity solutions simply can’t match. 

For instance, cloud computing is now an essential solution for many organisations due to its flexibility, low cost of entry and powerful technology, often giving small and medium-sized firms access to technologies that would otherwise be far beyond their budget.

However, to make the most of this, firms will need a connection that is able to cope with the demands of sending large amounts of data to and from the cloud. Normal connections will struggle under this burden, but gigabit fibre ensures that no matter how much data you need to transfer to the cloud for storage and processing, you’ll be able to do so with no delays or slowdowns.

Elsewhere, gigabit full fibre broadband also opens up options such as video conferencing. While this may already be familiar to many small firms, it’s something that is often approached with caution, as firms worry that poor-quality or unreliable connections will make such services impractical and leave a bad impression with prospective partners.

This means significant expenditure on travel and accommodation to meet clients face-to-face. However, this can be avoided with gigabit broadband’s speed and reliability, freeing up not only time for your employees but also reducing your firm’s expenses.

These are just some of the benefits firms can take advantage of with gigabit broadband. With fast, reliable connectivity, this technology will be the backbone of any successful company for many years to come. Efforts are underway to bring it to every home and business in the country by 2033, but that date is a long time away, so it pays to take advantage of the current GBVS to get ahead of the competition while it’s still available.

Gigabit Broadband Voucher scheme

Find out more about the GBVS and how it could transform your business in our new white paper.

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