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UK department goes digital; launches infrastructure fund

The UK government has added the word ‘digital’ to one of its departments – it is now the Department for Digital, Culture, Media and Sport, but will continue to be referred to as DCMS. “DCMS celebrates its 25th anniversary this year, and it is fitting now to include digital in the name. The department has taken on significant new responsibilities in recent years, so that half of its policy and delivery work now covers the digital sectors – telecoms, data protection, internet safety, cyber skills and parts of media and the creative industries.” Meanwhile, reports TeleGeography, having initially announced plans to support the rollout of pure fibre-based services as part of its autumn statement in November last year, the UK government has officially launched the Digital Infrastructure Investment Fund (DIIF). Claiming that this fund will “unlock over £1 billion for full fibre broadband across the country”, the state will commit £400 million with the expectation that this will encourage private investment to reach the headline total. Two infrastructure firms have been appointed to manage the fund, Amber Fund Management and M&G Investments. In a press release regarding the development, the government argued that pure fibre rollouts have been traditionally difficult to finance ‘because the industry is relatively young and a lack of certainty around future demand makes investment hard to secure’. Read more and here

  • Tuesday, 18 July 2017

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