Gigaclear Rural Broadband Expansion Support

The UK Infrastructure Bank announced a £240 million debt guarantee to support Gigaclear's expansion of its rural fibre broadband network. This guarantee is part of a larger approximately £1.5 billion debt funding package. It aims to facilitate the expansion of Gigaclear’s rollout of fibre-to-the-premises (FTTP) broadband, enhancing internet connections to an additional 400,000 homes and businesses in hard-to-reach and underserved areas in England. The initiative aligns with the UK's goal for nationwide access to gigabit-capable broadband by 2030, focusing on reducing digital inequalities and boosting regional growth.