The west of England is stepping up its digital game with a new initiative that hopes to help unlock a £1.3 billion annual boost to the region’s economy powered by private investment in better broadband and mobile connectivity – a boost that will benefit the 16,000 local residents still not connected to superfast broadband.
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.
Quickline has taken a significant step in its commitment to nurturing regional talent by welcoming its first cohort of telecoms apprentices, reflecting the company’s dedication to delivering social value as part of its four government-awarded Project Gigabit contracts.
Netomnia has secured an additional £25 million loan from the National Wealth Fund (NWF).
Ogi has secured a £45m financing package from Cardiff Capital Region (CCR), alongside ongoing investment from its principal shareholder Infracapital, to support the next stages in its growth.
Fibrus has secured £100M in additional funding to complete its fibre rollout to 500,000 homes in Northern Ireland and Cumbria within the next two years.
The Scottish National Investment Bank has invested a further £10m in Highland Broadband to boost the altnets aim of addressing 100,000 premises.
Quickline has secured a £125m term loan and £100m debt guarantee from The UK Infrastructure Bank, alongside a £25 million term loan provided by NatWest.
Wildanet has secured a £35m investment from the UK Infrastructure Bank to accelerate its broadband rollout to underserved rural areas in Cornwall.
The UK Infrastructure Bank (UKIB) has committed £150m to accelerate Hyperoptic’s full fibre rollout and increase its committed debt facility to over £1.1bn