FREQUENTLY ASKED QUESTIONS ....... alias ....... FAQs Page 3
7 How much will it cost me?
The overall project costs for Hyde and some parts of EH&I and Godshill are £177,126 for the prposed scheme which covers 475 households. We have to raise 50% of this amount before we can sign a contract with BT Openreach.
At this point the maths is essentially simple and the table below shows how the costs per household change based on the number of households contributing - and at this point we don't know how many households will contribute
Take Up Contributing Cost/Contributing
100% 475 £ 373
75% 356 £ 497
50% 238 £ 746
30% 143 £1,243
But the intention is not to ask households to make a specific payment but to encourage each of the 475 households impacted to consider the value that a better broadband service will bring to them and invest or contribute accordingly. That contribution will initially be made as a pledge rather than a payment. This allows us to understand how much the Community value high-speed broadband before asking for any payments. Factors that might influence how much a household would be willing to pledge might include number of people at home, how much you watch TV and films using BBC iPlayer, Amazon or Netflix, whether you do or would like to do video calls to your family in UK or aboard. If you run a business from home or work from home frequently then perhaps you could offset your pledge against your operating costs? Clearly the speed you will receive will make a difference and you should check the speeds expected at your address with your Broadband Champion. Of course whether you are a consumer or business user will make a difference and the more of these services you use the more you will benefit from a faster broadband service. Factors such as “protecting” the value of your house will probably be important to you too and you could view your pledge as a form of insurance to protect your house value.
Your pledge is therefore likely to be very personal, based on the value you see in having high-speed broadband for yourself, the risks and impact of not having it, your ability to pay and your desire to support the community by making as generous a contribution as you can.
Once all pledges have been received then the Treasurer will contact each of us individually asking for payment and explaining the payment options. Equally some of us may wish to discuss extended payments with the Treasurer to allow us to budget for our payment better.
But remember that if we leave it one another to contribute then the clear risk is that if we won’t raise enough to pay BT. Consequently we will not progress the contract and will have to wait for BT Openreach’s national programme to reach the village which could be 4 or more years away.