The £150 million that has been saved will be put towards projects that will bring superfast broadband to the final 5% of the country not covered in the initial roll-out. This announcement was made by the CEO of BDUK Chris Townsend. This money is also going to be added to, with the help of the gain share claw-back mechanism monies that are being recovered by BT. So far, the company has regained £129 million and there is more money to come, an estimated £300 million will be reinvested in the second phase of the project.
Mr Townsend made his comments at the Connected Britain event which just took place in London, where he confirmed that he has been liaising with local authorities to ensure that they are making the most of their budgets when it comes to spending on broadband provision and services.
Mr Townsend has pointed out that County Durham went from 60% coverage with residential and business broadband at the start of phase one to 98% coverage. Many residents and businesses now get download speeds of 24 Mbps and higher. The number of SMEs in the region also grew during the same period of time by 11% and unemployment in the region has dropped to 2.2% from 8.4%. The second phase of the BDUK project is due to be finished by the end of next year.