GoFibre Secures £125M in Funding for Full Fibre Rollout

GoFibre, a UK-based full fibre broadband provider, has raised an impressive £125 million in funding to support its ambitious rollout plans. The company aims to bring ultrafast broadband to 130,000 premises across Scotland and the North of England by 2025.

Backing from Infracapital and Kintyre

The substantial funding round was led by Infracapital, the Infrastructure equity investment arm of M&G Plc, and Kintyre, a Scottish real estate investment and development company. This strategic partnership will provide GoFibre with the financial firepower needed to accelerate its full fibre deployment.

“We’re thrilled to have the backing of such prominent investors,” said Nathan Stenson, CEO of GoFibre. “This funding will allow us to bring the benefits of full fibre broadband to even more communities across Scotland and the North of England.”

Transforming Broadband for Underserved Areas

GoFibre’s mission is to bridge the digital divide by focusing on underserved areas that have been left behind by larger providers. The company plans to connect 13,000 premises by the end of 2022, with an ultimate goal of reaching 130,000 homes and businesses by 2025.

“Our village has been stuck with slow, unreliable broadband for years,” said Sarah Thompson, a resident of Moffat, Scotland. “GoFibre’s full fibre service has been a game-changer. I can now work from home without any issues and my kids can easily attend online classes.”

Boosting Local Economies and Creating Jobs

The rollout is expected to create over 500 jobs across Scotland and the North of England, providing a much-needed boost to local economies. GoFibre is committed to hiring locally and investing in the communities it serves.

“We’re not just building a network; we’re building relationships,” said Stenson. “By creating jobs and supporting local businesses, we’re helping to drive economic growth in the regions we operate in.”

Gigabit Speeds at Affordable Prices

GoFibre’s full fibre network will deliver symmetrical gigabit speeds, enabling customers to enjoy lightning-fast downloads, seamless video streaming, and lag-free gaming. The company is committed to offering competitive pricing, with plans starting at just £35 per month.

“I was paying nearly £50 a month for a sluggish connection with my previous provider,” said John Wilson, a GoFibre customer in Galashiels. “Now, I’m getting ten times the speed for less money. It’s a no-brainer.”

Partnering with Local Councils and Developers

To accelerate its rollout, GoFibre is working closely with local councils and property developers to integrate full fibre infrastructure into new housing developments from the ground up. This proactive approach ensures that residents can enjoy ultrafast broadband from the moment they move in.

“By partnering with developers, we can make full fibre connectivity a standard feature in new homes,” said Stenson. “This not only benefits homeowners but also helps to future-proof our communities.”

Full Steam Ahead for GoFibre

With £125 million in funding secured, GoFibre is poised to make a significant impact on the UK’s broadband landscape. The company’s unwavering commitment to underserved areas, coupled with its focus on job creation and community investment, sets it apart from larger providers.

As GoFibre continues to expand its network, thousands more homes and businesses across Scotland and the North of England will soon have access to the life-changing benefits of full fibre broadband.