Government to invest £100m in ‘ultra-fast’ broadband

Government to invest £100m in ‘ultra-fast’ broadband

Chancellor George Osborne has announced that ten cities in the UK will receieve £100 million of government funding to help develop ultra-fast broadband and Wi-Fi networks.

Belfast, Birmingham, Bradford, Bristol, Cardiff, Edinburgh, Leeds, Manchester, Newcastle and London will bid for their share of the fund, while smaller towns will also benefit from a share of a further £50 million.

The government explained that the money will be used in areas that larger firms are unlikely to invest in.

According to the Treasury, the funding will deliver ultrafast broadband coverage to 1.7 million households and 200,000 businesses in high growth areas as well as high-speed wireless broadband for three million residents.

The chancellor explained that the UK had some of the slowest broadband in Europe two years ago, before adding that the new plans will deliver some of the fastest.

However, he noted that it is important not to get complacent as other nations around the world, such as Singapore and Korea, have even faster broadband.

His 2012 budget identified broadband as one of the government's four infrastructure priorities, alongside roads, railways, clean energy and water.