Bringing superfast broadband to over 96% of homes and businesses in Oxfordshire by the end of 2018

Autumn Statement

Published: 
20 January 2017

Key points related to broadband following the announcement:

 

1. £400m New Digital Infrastructure Investment Fund

  • matched by private finance to invest in new fibre networks over the next 4 years

  • helping to boost market ambitions to deploy full-fibre access to millions more premises by 2020

 

2. New 100% Business Rates Relief

  • for new full-fibre infrastructure for a 5 year period from 1st April 2017

 

3. Funding to Local Areas

  • supporting investment in a much bigger fibre ‘spine’ across the UK

  • prioritising full-fibre connections for businesses and bringing together public sector demand

  • government will work in partnership with local areas to deliver this and a call for evidence on delivery approaches will be published shortly

 

4. Funding for a Coordinated Programme of Integrated Fibre and 5G Trials

  • keeping the UK at the forefront of the global 5G revolution

  • further detail will be set out at Budget 2017

 

The Chancellor of the Exchequer, The Rt Hon Philip Hammond MP, gave his Autumn Statement to Parliament on 23 November 2016 and revealed plans to encourage investment worth £1bn+ towards the roll-out of ultrafast pure fibre optic broadband and 5G Mobile technology. 

Follow this link to read the full article.

 

Source: GOV.UK

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