The Chancellor, George Osborne, has today announced that £50 million is being made available to the UK’s local authorities to add impetus to the roll-out of ‘superfast’ broadband to 800,000 UK homes and businesses.
Today’s allocation marks the start of a second round of bidding for superfast broadband funding, following on from the first round which took place in 2010. The first round was only open to local authorities in rural areas, but this has now been expanded to all areas of the UK.
George Osborne made the announcement while visiting a Hewlett Packard site in Bristol, saying: ‘Broadband is crucial for the country’s economic future – that’s why the coalition Government is investing over half a billion pounds in its infrastructure.
Europe’s best superfast broadband network
‘We want to have the best superfast broadband network in Europe by 2015 and today’s £50m will benefit up to 800,000 homes and businesses. This is very much a locally-driven process and we encourage bids from all local people with plans for improving broadband in their local area.’
The committed £50m funding will be distributed by Broadband Delivery UK (BDUK) – the body set up to arrange broadband investment – and forms part of the £530m total that the government has committed to spend over the next four years.
Superfast broadband will deliver broadband packages with speeds of up to 100Mbps, via upgrades to fibre-optic infrastructure
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