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”.
Tue, 22/07/2025 - 16:47
Grain has secured a £225m funding boost to expand its network to cover around 600,000 premises as the next step on its strategy to build over one million premises.
The funds and/or accounts managed, advised or controlled by HPS Investment Partners, LLC or its subsidiaries. Grain is currently backed by Equitix and Albion Capital.
Equitix is also investing an additional £13 million of equity into the business - the fifth time that they have invested additional capital into the altent.
The Carlisle-based company turned EBITDA positive earlier in the year.
Richard Cameron CEO said: "We are very pleased to partner with HPS, a partnership which demonstrates … the strong financial performance we have delivered to date.
“External benchmarking shows that the next most efficient provider to build and connect homes spends 47% more than Grain and our operating cost per customer is 60% lower than the market.”
