The Government has pledged to make super-fast broadband accessible to all areas of the country, as part of the country digital infrastructure upgrade.
Rural communities and hard to reach areas that do not currently have access to next generation broadband will benefit from a share of £1 billion of investment from the Department for Business, Innovation & Skills.
The money will be used to bring speedy internet access to 90 per cent of the country, which the Government believes to be essential if the UK is to remain globally competitive.
Research shows that private investment in super-fast broadband will reach just 70 per cent of the country by 2017.
"This investment is about bringing the future of broadband to areas of the country that would otherwise miss out. We cannot underestimate the opportunities this will bring for homes and businesses, which is why we are taking action to make sure everyone benefits," said Lord Mandelson.
"Already the market is delivering super-fast internet speeds of 50Mbps to half the country, but we cannot be certain that it will reach the communities that are not currently served, which is why we are putting in an extra £1 billion to support the market.
"By upgrading our networks we will put the UK at the fore of rapidly developing technologies which will bring jobs, boost business potential and grow our digital economy."
The £1 billion Next Generation Fund will maximise links with the Government's other broadband programme, which aims to provide every household in the UK at least a 2Mbps broadband connection by 2012.
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.