Procurement · 23 December 2016

Government boosts superfast broadband rollout with £440m funding package

broadband
Over 90 per cent of the UK now has access to superfast broadband

Business owners are set to benefit from a windfall of more than £440m made available by the government to increase superfast broadband rollout out across the UK.

Some 600,000 premises, including those of many small businesses in the more remote parts of the country, could benefit from the funding, which is a combination of efficiency savings and a re-investment mechanism when people adopt superfast broadband connections installed by the government’s Broadband Delivery UK project.

Figures released from the government show that 1.5m homes and businesses have taken advantage and signed up for superfast connections in areas of the UK where the broadband rollout has been subsidised.

BT have released £292m for extra superfast broadband connections as a result, with £133m already having been allocated in regions around the UK. In total, £442m can be reinvested in rolling out superfast broadband.

In a statement, culture secretary Karen Bradley said: “This will benefit around 600,000 extra premises and is a further sign of our commitment to build a country that works for everyone.

“Our Broadband Delivery UK programme is giving families and businesses in hard-to-reach areas the fast and reliable internet connections which are increasingly at the heart of modern life.”

Roughly 4.5m premises across the UK now have access to superfast broadband via the government-led programme, with over 1.5m having signed up for a faster connection. Over 90 per cent of the country is now able to access superfast broadband, up from just 45 per cent in 2010.

“We have made great progress but there is still more to do,” added Bradley.

Sign up to our newsletter to get the latest from Business Advice.


 
TAGS:

ABOUT THE EXPERT

Fred Heritage is deputy editor at Business Advice. He has a BA in politics and international relations from the University of Kent and an MA in international conflict from Kings College London. He previously worked as a reporter at Global Trade Review magazine.

Q&A

If you’ve found the article above useful, but have a more detailed and bespoke question, then please feel free to submit a query to our expert. We at Business Advice will get in contact with them on your behalf and arrange for a personalised response. These questions and answers will then be collated on the site for any other readers who have similar queries.

Ask a question

From the top

Find out how KPMG Small Business Accounting can really work for you

FIND OUT MORE