UK Chancellor Philip Hammond has announced the roll out of the Nationwide Gigabit Broadband Voucher Scheme (GBVS), which is to provide vouchers worth up to £3000 for a small or medium sized business or £500 to residents to help with the costs of connecting to full fibre broadband.
Britain has a reputation as a backwater when it comes to fibre-optic broadband connections that reach directly into consumer’s homes. Currently, only two per cent of households in the country have access to full fibre connections. But that looks set to change. This summer, some £500 million of equity and new debt have been invested in alternative network providers in the UK.