Chancellor Philip Hammond has outlined plans for boosting broadband speeds in the autumn statement.
Here’s some good news for those of us who are still frustrated by slow local broadband speeds - chancellor Philip Hammond has outlined plans for boosting broadband speeds in the autumn statement.
With a budget of over £1bn to be proposed, this initiative will improve broadband speeds for up to 2 million homes and businesses, allowing the UK to catch up in the race for universally available fibre-optic broadband.
A significant part of this investment will go into a £400m digital infrastructure fund, to be matched by private sector investors. Local authorities will also have the option to bid for an amount from a £750m fund for trialling 5g mobile networks and fully fibre-optic wifi capabilities.
The project is projected to run until 2021, with private sector funds taking the overall funding to nearer £1.5bn.
While much of this initiative is in response to UK business’ call for a government-supported digital economy, this is great news for those of us who struggle with home broadband as well. With 5G networks across Britain, families will be able to download an entire series of Game of Thrones in one minute!
Not only will Ultra-HD TV soon be available without buffering, but a full-fibre broadband network will allow families and friends to share videos and images more quickly, and allow for further progress in connected homes and augmented reality.
If you’re already getting excited about the UK’s fibre-optic future, why not get ahead of the curve and see if our superfast fibre packages are available in your area?