The Government is pouring £67m into vouchers to support the uptake of full fibre broadband connections. The Nationwide Gigabit Broadband Voucher Scheme (GBVS) was announced 15 March 2018 as part of the Government’s plans, outlined in the most recent Industrial Strategy, to significantly improve internet connectivity and speed across the UK.
Under the scheme, small and medium-sized businesses (SMEs) will be eligible for vouchers worth as much as £3,000 with £500 available for resident applicants. This news follows closely on the announcement of a £25m grant for developing 5G networks in the Midlands.
Matt Hancock, DCMS Secretary of State, said of the scheme,
By building a full fibre future for Britain we are laying the foundations for a digital infrastructure capable of delivering today what the next generation will need tomorrow.
Vouchers will be distributed to approved suppliers who are then able to offer them to SMEs and residents. However, residents will only be eligible if they apply as part of a local community group that includes local businesses.