In today’s Budget [30 October 2024], Chancellor of the Exchequer, Rachel Reeves MP, said: “With over £500 million of funding next year, my right honourable friend for science, technology and innovation secretary [ Peter Kyle] will continue to drive progress in improving reliable fast broadband and mobile coverage across our country, including in rural areas.”
This follows, the previous Conservative government having established two major investment initiatives for broadband and mobile network improvement.
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The first being the £1 billion industry-driven Shared Rural Network (SRN) project, designed to enhance 4G mobile coverage to reach 95% of the UK geographically by the end of next year.
Meanwhile, the second being the £5 billion Project Gigabit scheme, which successfully brought 1Gbps+ broadband speeds to at least 85% of UK premises and now targets nationwide coverage by 2030, the Autumn 2024 Budget Document stated.
More to follow.
