A new 10-year strategy that “sits at the heart of plans to renew the UK” has been published by the government and will include proposals that are backed by £725bn in long-term funding for maintenance and major projects, which promises to “transform how infrastructure projects are planned and delivered”.
Thu, 31/03/2022 - 15:19
Fibrus has secured £220m from a consortium of banks, including the UK Infrastructure Bank, to fund its fibre rollout in Northern Ireland where it is investing £0.5bn to reach 330,000 premises.
The investment is funded by public and private capital including the UK Infrastructure Bank and Project Stratum which has provided £197m to boost rural broadband connections.
Colin Hutchinson, Fibrus CFO, said: “This latest investment helps us to meet our current plan and we are already well ahead of schedule.”
Fibrus’ network has already reached over 120,000 homes and businesses.
