Funding for businesses struggling with slow broadband speeds
The UK government is encouraging businesses to make use of a £2500 voucher for gigabit broadband speeds before the scheme closes due to high demand.
More than 7000 UK businesses and surrounding homes have already taken advantage of the Gigabit Broadband Voucher Scheme, which launched in March 2018.
The scheme offers vouchers that businesses can use to pay for the installation cost of a full fibre gigabit capable connection. 418 vouchers have been issued in Northern Ireland to date.
Due to high demand for the vouchers, their top value has now been reduced from £3000 to £2500. The move aims to encourage neighbouring businesses to ‘pool’ their vouchers and enable as many businesses and homes as possible to benefit from the scheme.
The £67 million scheme was initially expected to run until March 2021, but high demand for vouchers means that funds are now expected to be committed a year earlier, and perhaps even sooner if the current success of the scheme continues to grow.