For every £1 the government invests in broadband infrastructure, the economy stands to benefit by £20, it has been claimed.
Research conducted by analyst SQW with Cambridge Econometrics suggested ongoing efforts to improve connectivity across Britain will deliver a strong return on investment.
The study suggested the network construction process will offer a short-term boost to the tune of £1.5 billion.
And the network upgrade work ongoing in the UK will help generate 20,000 new jobs by 2024.
Additionally the study suggested broadband will help save a combined £45 million per year within a decade as more people choose to work from home.
Maria Miller, the Secretary of State for Culture, Media and Sport, said that as well as super-fast broadband being good for economic growth, it stands to make "even more of a positive impact on the way we live".
Improved connectivity will allow people to work more productively and get online faster, she claimed.
“Our broadband rollout is one of the best in Europe, with almost three-quarters of the UK able to access super-fast speeds," Ms Miller argued.
"This is making a real difference to people in communities across the UK, from small businesses able to expand, school children being able to log on to do their homework, to people being able to work from home."
She claimed the investment in technology is vital for the UK's economic future and will help Britain continue to compete in the global race.
The government has committed to investing around £1 billion in UK broadband infrastructure, through its rural and urban funding schemes.
As well as targeting a network of ultra-connected cities, the Con-Lib coalition is aiming to achieve 99 per cent super-fast broadband coverage nationwide by 2018.