A new 10-year strategy that “sits at the heart of plans to renew the UK” has been published by the government and will include proposals that are backed by £725bn in long-term funding for maintenance and major projects, which promises to “transform how infrastructure projects are planned and delivered”.
Mon, 23/06/2025 - 12:36
Wessex Internet has secured a £50m investment from the National Wealth Fund (NWF) to expand coverage to 140,000 hard-to-reach homes and businesses in the south west.
This funding adds to £72m awarded through Project Gigabit for the altnet to expand its existing network of 40,000 to approximately 137,000 rural premises.
Hector Gibson Fleming, CEO of Wessex Internet, said: “This investment will support the scale and pace of Wessex Internet’s rural network build and enables us to continue delivering high-quality digital infrastructure in areas that have historically faced limited connectivity.
"As many broadband providers scale back, we have continued to grow by focusing on rural, hard-to-reach areas that others overlook."
Ian Brown, Head of Banking & Investments at the National Wealth Fund, added: “Our financing for Wessex Internet will ensure that under-served rural communities will benefit from the continued full-fibre rollout."
Wessex Internet has won continued backing from its major investors including Aberdeen, the global investment company, which is a major equity investor in Wessex Internet through its Economic Infrastructure team.
