According to the Federation of Small Businesses (the FSB) the UK’s target for broadband simply does not compare to that of other nations.
The UK government currently plans to equip 95% of the country with broadband speeds of 24Mbps or more by 2017. However, Finland plans to increase broadband baseline speed to 100Mbps by 2015, and South Korea has plans to increase to 1Gbps by 2017.
The report by the business group states that while 94 percent of small business owners see a reliable internet connection as critical to their success, only 15 percent are very satisfied with their provision.
In the document, the FSB also states that 45,000 small businesses in the UK are still running on dial-up speeds.
The FSB said: “”Evidence from our members shows this clearly is a problem affecting all corners of the UK, rural areas and cities alike. While progress has been made with the residential market, businesses have not enjoyed the same benefits, which is holding back their growth.”
However, this study has witnessed a backlash from BT, who say that the picture isn’t as bad as the FSB suggests. The communications provider says that actually 73 percent of businesses can access fibre and this figure should rise to around 90percent during the next two years.
The FSB recommends that “the UK’s broadband market needs to ensure that fit-for-purpose connectivity is available to everyone, regardless of location, and that it not only meets current demand but is also future-proofed.”