The City of London is to receive a high-speed WiFi boost as part of new plans announced this morning.
The project, named Square Mile, launched today follows a million-pound investment to improve Wi-Fi in London's main financial district.
These plans were initially revealed by the City of London Corporation in April, and are aimed at improving the connected infrastructure of businesses based in the capital.
Square Mile forms a major part of the corporation's plans to launch a city-wide 5G network in London. Earlier this year, it announced a 15-year contract to accelerate adoption of this technology.
Catherine McGuinness, policy chairman of the City of London Corporation, wrote in the City AM newspaper that the free network will bring speeds of between 50MBps and 180MBps to London-based businesses.
She said that this is the biggest investment made in wireless infrastructure ever seen in London and that it's aimed at accelerating productivity in the city.
"These speeds may seem a bit abstract, but what we do know is that digital connectivity is a key part of today's business, education, cyber security, logistics, and economic environment," she wrote in the article.
"Research has shown that innovation is not only getting harder to achieve, but is costing a great deal more money. It is encouraging to see the City's occupier base diversify and a new wave of SMEs and technology, media, and telecoms companies, attracted by London's world-leading connectivity."
"As a leading business and professional services district, we want to give people easy access to the skills they need to keep up and get ahead in the changing digital age. The message is simple: connectivity is good for business and people alike."
Businesses won't be the only group to benefit here. The corporation is also working on plans to improve WiFi speeds in seven London boroughs, including Hackney, Islington, Lambeth, Lewisham, Southwark, and Tower Hamlets.
"City businesses and visitors won't be the only users to benefit. In February, we announced that 7,500 residents of the 12 central London housing estates run by the City Corporation will see an upgrade to fibre optic broadband and new high-speed internet service of up to one gigabit per second," she added.
Today's Wi-Fi announcement comes as twelve of London's fastest-growing tech start-ups attend a Paris-bound trade mission hosted by Mayor of London Sadiq Khan to explore opportunities for expansion into France.
The mission, led by the Mayor's International Business Programme, is intended to strengthen trade and investment ties between London and Paris.
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