George Osborne, the Chancellor of the Exchequer, has announced that the UK government is stumping up £50 million to help push the roll-out of super-fast broadband.
The funds are available to public authorities that make a successful bid to Broadband Delivery (BDUK), the body tasked with handling the governments’ funding of broadband projects.
With this new money, the government is aiming at helping local authorities improve broadband services in areas where “where the market alone would not reach”. In other words, places where Virgin Media and BT can’t get a return on investment.
So far the government has put up £530 million pounds for projects and hopes that this latest round of funding will benefit up to 800,000 homes, as it pushes to make the UK a leading provider of broadband.
“We want to have the best superfast broadband network in Europe by 2015 and today’s £50m will benefit up to 800,000 homes and businesses. This is very much a locally-driven process and we encourage bids from all local people with plans for improving broadband in their local area,” said Osborne.
Some concerns have been raised about how the funds will be spent, as there are various technologies to provide super-fast broadband. The worst situation would arise if lots of local authorities all spent their money on a variety of incompatible systems that become out of date.
The EU is also helping to promote new broadband technologies, investing in BT’s £132 million fibre network in Cornwall.
Source: Expert Review