£645 million in latest broadband boost

The success of the government’s superfast broadband rollout programme means that up to £645 million is to be made available in the next few years.

Minister for Digital Matt Hancock revealed that this could see over 900,000 extra homes and businesses gain access to superfast speeds by the end of 2017.

Government subsidised rollout has now reached in excess of 4.5 million premises around the UK, with more than two million homes and businesses now signed up for superfast connections in regions where investment has been made.

Latest figures show that BT, the government’s main supplier, has set aside £465 million to extend coverage over the full lifetime of the contracts in nations and regions around the UK. When combined with the £180 million of project efficiencies resulting from the successful management and delivery of the programme, there will be £645 million available for local authorities to re-invest.

Hancock said: “We have now brought superfast broadband to almost 94 per cent of UK homes and businesses, and we are reaching thousands more every week. We are on track to reach 95 per cent by the end of the year, but we know there’s still more to do. The money that is now being returned to the programme for reinvestment will help us reach that final five per cent, and is all part of our commitment to make sure that 100 per cent of the UK can get affordable, fast and reliable broadband by 2020.”

Please register to comment on this article