The Chancellor of the UK Government, Jeremy Hunt, has today announced the Spring 2023 Budget, which sadly made no mention of any extra support for gigabit broadband or 5G mobile deployments. But the new “full expensing” measure could help to bring down the cost of some related plant and machinery (capital expenses).
Firstly, we weren’t expecting to see any major “new” broadband and mobile related infrastructure funding announcements from the Government this time around, which is because they’re already running two such schemes. The first one is their £1bn Shared Rural Network project (progress update), which aims to extend geographic 4G based mobile (mobile broadband) coverage to 95% of the UK by end of 2025 (it will help 5G too).
The second one is their £5bn Project Gigabit programme, which aims to make gigabit-capable (1Gbps+) broadband ISP networks available to at least 85% of UK premises by the end of 2025 and then “nationwide” by 2030 (Winter 2023 Progress Update). The project consists of several support schemes, including vouchers (£210m), funding to extend Dark Fibre in the public sector (£110m) and gap-funded deployments with suppliers (rest of the funding).