But businesses who want to take advantage of the scheme should act quickly, as the money is running out …
A bulletin and Press release issued by the DCMS today reveals that the Government’s Connection Vouchers Scheme, which issues grant funding to businesses looking to upgrade their connectivity to dedicated, Superfast Broadband, has seen high levels of interest, with many of the vouchers already gone.
The Press Release stated that to date, 22,300 Connection Vouchers have been issued since 1st April of this year.
£25.5m has now been committed out of the total £40m funding allocation. Since the scheme began in December 2013, over 40,000 vouchers have been issued. This means over 40,000 businesses have upgraded to a superior connection and seen their business boosted.
This means that only £14.5m in Connection Vouchers is now left in the pot. Vouchers are issued on a first come, first served basis, and over 1,000 applications for funding are received every week.
Digital Economy Minister Ed Vaizey said:
“I’m delighted that over 1,700 businesses in the Southwest have already taken up our offer and are now getting much faster internet speeds as a result. Businesses need to act now to ensure they don’t miss out on this fantastic offer and I’m urging all eligible businesses to apply now before it’s too late.”
The scheme is available to companies and enterprises in 50 cities across the UK. Any individual business could claim up to £3,000 to put towards the cost of installing a high-speed, dedicated connection such as a Leased Line.
Read more about our role in the scheme and our partnership with Bristol City Council here.