Despite living in a world that’s becoming increasingly digital orientated, small businesses across the UK are still struggling with the issue of slow or limited broadband coverage. In a bid to address this problem, the government has invested £100 million into a new scheme designed to provide British SMEs with grants.
Through the Broadband Connection Vouchers Scheme, administered by Broadband Delivery UK (BDUK), firms across the UK now have an opportunity to apply for grants of up to £3,000. This money has been made available to contribute towards the capital and equipment costs of upgrading businesses to faster, better broadband services.
This new initiative was established as part of the government’s goal to drive growth and jobs, along with helping Britain’s businesses succeed in international markets.
SMEs across the UK are eligible for grants
Altogether there are 22 cities across Britain incorporated into this project. Cities where small businesses are eligible to apply include Birmingham, Bristol, Manchester, Leeds, Oxford, Belfast and Cardiff.
After being signed up and set up with superfast broadband, firms are then expected to foot the bill for VAT charges and monthly line rental to the service provider – an average cost of £40 per month.
There are numerous benefits of supplying businesses with decent broadband. Having reliable internet access opens a whole new world of opportunities to attract new customers and expand into different markets. Better broadband packages also lead to increased security and productivity.
Applications are being accepted until March 31st 2015.
For further information visit the Broadband Connection Voucher Scheme’s website and click on your city for application instructions.