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GBP 16 million EU funding for faster broadband in Cumbria
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The European Commission has approved a major broadband project for North West England that is expected to bring fast broadband to 2 800 small- and medium enterprises. The investment of GBP 16 million (Euro 18.85 million) comes from the European Regional Development Fund (ERDF) and will ensure that businesses and premises in Cumbria have access to next generation broadband by 2015. A minimum of 90% of Cumbria broadband infrastructure will deliver speeds in excess of 30 megabytes per second (mbps). Further 12,450 SMEs will have the possibility to access it.

    Commissioner Johannes Hahn

    Commissioner Johannes Hahn

    Commissioner for Regional Policy Johannes Hahn, who approved the project, stated: “Projects like this will have huge benefits for businesses and citizens. This initiative in particular will allow North West England to seize the opportunities offered by the digital economy. It is a perfect example of how Regional Policy can help Europe's recovery and directly contribute to meeting the goals of the EU’s growth agenda, ‘Europe 2020’. Providing fast and reliable access to the internet will play a vital role in helping regions in their economic development.”

    The investment comes through a programme called “North West Regional competitiveness" under the priority axis "Exploiting Innovation and Knowledge". The European Union, through the ERDF, will finance GBP 16 million (Euro 18.85 m) out of a total investment of GBP 50 million (Euro 58.9 m). As a result of the investment, 145 jobs are expected to be created directly and 155 indirectly over a fifteen year period.

    Background 

    This is a "major project", of which the total investment (VAT included) is above GBP 42 Million (Euro 50 million) and thus subject to a specific decision by the European Commission, whereas other types of projects are approved at national or regional levels. The UK has been allocated approximately GBP 9 billion (Euro 10.6 billion) in total Cohesion Policy funding from 2007-2013. 

     

    For more information, please contact the London press office on 020 7973 1971.
    Please note: all amounts expressed in sterling are for information purposes only.

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    Last update: 17/05/2013  |Top