Bath-based Truespeed has secured extra funding and increased its investment from Aviva Investors to £175 million to accelerate its delivery of full fibre broadband.
The additional £100 million investment will help Truespeed accelerate the roll-out of its ultrafast, gigabit-capable full fibre network to more homes and businesses across urban, semi-rural and ultra-rural areas of South West England.
Truespeed is aiming to provide ultrafast, ultra-reliable broadband to the region in a bid to help level up its digital capabilities and have it act as a catalyst for businesses and communities.
In the past year, the company has doubled the size of its network to bring gigabit-capable, fibre-optic connectivity to under-served areas of Somerset.
High profile local businesses including Yeo Valley and Thatchers Cider now rely on Truespeed for full fibre services. The firm’s core ethos extends to providing free broadband for life to local schools and community hubs passed by its network.
The additional £100 million in funding will help Truespeed connect more residents and businesses to ultrafast broadband and provide a service that will benefit entire communities and businesses for generations to come.
