Phone: 01242 260066 | Email accountants@mitchells.org

Government launches new ultra-fast broadband fund

04 Jul 2017

The government has launched its new £400m Digital Infrastructure Investment Fund (DIIF), which it hopes will ‘revolutionise’ internet access for businesses and individuals across the UK.

The fund was announced in the 2016 Autumn Statement, with the aim of helping to accelerate the roll-out of ultra-fast digital networks by unlocking over £1bn of private sector capital.  

The new fund aims to facilitate the replacement of the existing system, which for many still relies on a network of copper cables connected to roadside cabinets, with more resilient and consistent ‘full-fibre’ networks which run fibre-optic connections directly to individual homes and businesses.

Commenting on the launch, Andrew Jones, Exchequer Secretary to the Treasury said: ‘As technologies change and people’s habits move with them, it is crucial we play our part to ensure Britain stays at the front of the pack.

‘Full fibre will provide us with the better broadband we need to ensure we can work flexibly and productively, without connections failing’.

Try a site search Tax returns, budget, pension, rates and allowances...

Contact details

Office: 01242 260066

Company Registration No: 4161638
Company Registered in England and Wales.
Company details
Mitchell Glanville Limited
Registered Address: 41 Rodney Road, Cheltenham, Gloucestershire GL50 1HX

Mitchell Glanville Limited regulated by the Institute of Chartered Accountants in England and Wales If, during the provision of professional services to you, you need advice on investments, we may have to refer you to someone who is authorised by the Financial Conduct Authority, as we are not. However, as we are licensed by the Institute of Chartered Accountants in England and Wales, we may be able to provide certain investment services where these are complementary to or arise out of the professional services we are already providing to you.

© 2024 Mitchells Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.