Tens of thousands of businesses and homes across the UK are set to benefit from a £67 million investment in faster internet connections, the Chancellor Philip Hammond announced today.
The Nationwide Gigabit Broadband Voucher Scheme (GBVS) will provide vouchers worth up to £3000 for a small or medium sized business or £500 to residents to help with the costs of connecting to full fibre broadband.
The scheme is part of a wider government plan to get more homes and businesses connected to full fibre broadband. It builds on the £200 million Local Full Fibre Networks programme which gives funding to local areas to boost full fibre delivery. £95 million of this funding was allocated at Spring Statement to 13 successful bidders across the UK.
Chancellor of the Exchequer, Philip Hammond said:
We’re backing Britain’s small businesses by investing £67 million to bring full-fibre broadband to more businesses up and down the country.
This means faster, more reliable broadband access as we build the digital infrastructure we need to make our economy fit for the future.