Digital Technology: Infrastructure
(asked on 24th January 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will publish a roadmap for the roll-out of the new Digital Infrastructure Investment Fund.
This question was answered on 1st February 2017
The Chancellor announced at Autumn Statement 2016 that the government will commit £400m for a new Digital Infrastructure Investment Fund, at least matched by private finance, to invest in new fibre networks over the next 4 years.
The fund will be managed independently by a private sector fund manager or managers, who will evaluate investment opportunities and make decisions on a commercial basis. The process to appoint a fund manager and launch the fund will be completed in due course.