Listed infrastructure and SME investment manager Foresight Group LLP has completed a significant investment into Connect Fibre, a community-minded, full-fibre network provider based in Cambridgeshire.
It is hoped that this will accelerate the installation of a full-fibre network across the East of England, bringing superior digital connectivity to households and businesses across the region.
Along with creating jobs, the rollout will deliver broadband of up to 1Gbps to over 100,000 homes and businesses currently served by ageing copper infrastructure, enhancing local infrastructure, and accelerating the development of a fast fibre network to support the UK’s digital ambitions.
The UK Government has committed to bringing gigabit-capable broadband to at least 85 per cent of UK premises by the end of 2025. In 2021, 28 per cent of UK premises had access to full-fibre broadband.
With changing behaviours and work patterns, the UK has seen a huge surge in demand for fast and stable digital communications, but it is estimated that an investment of £30 billion over the next four years is required.
Foresight has an established track record across sustainable infrastructure, real estate assets and SME investing, delivering financial returns while making a positive contribution to the regions in which it operates.
With a regional office and investment team located in the heart of Cambridge, since 2019, Foresight has partnered with eight businesses based in the East of England.
Connect Fibre has already developed a full-fibre network in the village of Reach and is dedicated to bringing reliable full-fibre broadband to the East of England.
Anouska Morjaria, investment manager at Foresight said “We are looking forward to supporting Connect Fibre in its mission to revolutionise full-fibre broadband connectivity across the UK. As evidenced by the pandemic, remote working and digital connectivity are essential for our modern lifestyles.
Reliable, high-speed and accessible digital infrastructure forms an integral part of the UK’s National Infrastructure Strategy. The management team have extensive experience in this area, and we are impressed by their ambition and progress thus far.”
Stefan Stanislawski, CEO of Connect Fibre said “We’re thrilled with the backing received from Foresight. Connect Fibre builds full-fibre networks and delivers to our customers a high-quality service at an affordable and competitive price. We strongly believe in our regional strategy and that starts with levelling up our first villages and towns.”
© Eastern Echo (powered by ukpropertyforums.com).
Sign up to receive your free bi-weekly Eastern Echo journal here.