Finance Minister praises European investment in fibre broadband

Wednesday, April 23rd 2014
The Finance Minister has said Wales has European investment to owe for its role in bringing superfast broadband to the country.
Finance Minister praises European investment in fibre broadband
Finance Minister Jane Hutt has said superfast fibre broadband would not be available to as much of Wales as it is if it had not been for significant European investment.

Around £425 million has been put into bringing the high-speed internet service to the country via BT and the Superfast Cymru rollout programme, with approximately £90 million of this coming from the European Regional Development Fund.

Ms Hutt said: "European investment has been absolutely crucial in enabling us to deliver this major project."

She added that bringing faster internet speeds to the area "will transform the broadband landscape across our country, ensuring we are at the forefront of the global digital economy in Europe".

It is hoped that thanks to the investment from European parties, 96 per cent of residential and commercial properties in Wales will be able to connect to superfast fibre optic broadband.

Alongside the money provided by the European Regional Development Fund, BT has invested £220 million in bringing the high-speed service to Wales, while the UK government has put in around £57 million.

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