The UK government has invested in a £400 million fund to improve full-fibre broadband, aiming to speed up businesses and households to 1Gbps.
According to the BBC, its goal is to boost the amount of properties with access to full-fibre broadband over the next four years and to provide a “future proof” solution.
The ‘Digital Infrastructure Investment Fund’ will rise through private investors, and will be managed and invested by two fund managers—Amber Infrastructure, and M&G Investments, which is part of Prudential.
The Treasury said: “Traditionally in Britain, full fibre has been difficult to finance because the industry is relatively young and a lack of certainty around future demand makes investment hard to secure.”
“This has held back alternative providers from entering the market, and consumers have been left with limited choice, which, in turn, has restricted their ability to benefit from this latest technology,” it added.
The BBC also stated that instead of relying on copper cables that connect to roadside cabinets, the fibre-optic cables would run directly to properties.
Written by Leah Alger