Macquarie pledges investment boost for UK broadband upgrade

Macquarie Group and the UK Government have confirmed a long-rumoured joint £12bn investment into sustainable infrastructure across the UK, including a commitment to boost gigabit broadband.

The Australian financial services company is supporting gigabit rollouts in the north of England through KCOM and in rural communities through Voneus.

The investment is under the umbrella of the UK Government’s Ten Point Plan for a Green Industrial Revolution and Infrastructure Strategy.

Macquarie Group MD Shemara Wikramanayake said: “The UK has been a world leader in the positive utilisation of private capital to meet essential infrastructure needs of communities, including as a global leader in investment in the energy transition.”