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Tenants and homeowners may profit from £1 billion scheme
Article posted: 08/01/2010

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Tenants who rent property in rural communities and regions which do not currently have access to next generation broadband, such as hard to reach areas, may benefit from government investment.

Business secretary Lord Mandelson announced yesterday (January 7th) that £1 billion of government investment will go towards upgrading the country's digital infrastructure.

Some 90 per cent of the UK will see super-fast broadband as a result of the plans, in a bid to maintain the level of global competition in the country.

"This investment is about bringing the future of broadband to areas of the country that would otherwise miss out," said Lord Mandelson.

Speeds of 50 Mbps are currently enjoyed by around half of the homes in the UK, but the additional funds aim to increase this figure, he added.

The Next Generation Fund is running the scheme and aims to see the faster networks in 90 per cent of the country by 2017.

Written by Sarah Field
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