GoFibre has completed a £125m funding round that will support its delivery of two Project Gigabit contracts in the south and north east of Scotland, bringing high speed connectivity to 130,000 premises.
Funding
Virgin Media O2 is supporting the next generation of STEM employees with the creation of a new £1m Apprenticeship Talent Fund to help charities, local authorities, small businesses and social enterprises train future workers — removing the biggest barriers stopping SMEs from hiring apprentices.
A new £9.5m government fund is being launched to help tackle digital inequality across the UK, including workshops to familiarise people with tech and schemes donating devices like phones and laptops to the digitally excluded, all led by local councils and charities.
TalkTalk Group has provided an update that will see funding increased to a total of around £120m for proposed participation in the new facilities by other existing financial stakeholders of the group, and will be used to strengthen the group's working capital position.
Fibrus is making a difference improving the health and wellbeing of young people and recently helped a west Cumbrian rugby league club invest in new kit thanks to community funding grant, as part of the company’s Play It Forward programme.
Netomnia has raised £160m in junior debt from I Squared Capital and Palistar Capital, a significant investment that builds on an £880m senior debt commitment, bringing total funding support to £1.04 billion.
CityFibre has partnered with STEM Learning to help bring learning to life in classrooms to several schools in Suffolk and committed over £150,000 over a three-year period into various STEM Learning modules, benefitting over 80 schools in the UK.
GoFibre is to launch its GoFurther Fund in north Northumberland for the first time, giving local charities and organisations support from the fund, which forms part of the altnet provider’s social impact strategy and helps charitable groups to transform local lives within the regions with access to its full fibre broadband network.
A refinancing deal to inject almost £500m into CityFibre by shareholders is being negotiated by investors to provide fresh equity funds that would be partly used to finance further altnet takeovers.
Voneus has received a further combined capital investment of £6,198,805 from its shareholder Global Connectivity plc (GCON), on 15th January, which follows from recent investment in 2024.