Broadband loans could improve county coverage

Broadband loans could improve county coverage
Broadband loans could improve county coverage
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Northamptonshire County Council is offering secured loans to businesses which could help provide broadband infrastructure in the county.

The Superfast Northamptonshire Access to Finance initiative would help provide total superfast coverage in the county by 2017.

The initiative was developed in response to feedback from a survey, part of which asked industry what barriers to commercial investment they faced.

This initiative involves the offer of secured loans on a commercial basis, which means that any loans would be secured and repayable with interest.

A report will be presented to cabinet in February for a decision on recommendations to progress to full applications. The areas in the county which are the focus for this next stage of the Superfast Northamptonshire project include parts of Northampton, Corby, Kettering and Wellingborough, parts of the Northampton Waterside Enterprise Zone, a number of business parks/industrial estates, and some rural and more remote areas in the county.

Cllr Andre Gonzalez De Savage said: “We asked industry what barriers they faced in delivering infrastructure and access to finance was one of the key factors.”