Gigaclear is proud to announce a major funding milestone, having successfully raised £420,000,000 to accelerate the expansion of its state-of-the-art fibre network across the UK. As finalists for the Employer of the Year 2022 at the Oxfordshire Business Awards, Gigaclear has long been dedicated to bridging the digital divide in rural communities. In the early noughties, households and businesses in many parts of the UK were stuck with outdated copper-based networks that failed to keep up with the growing demand for fast, reliable internet—an issue that Gigaclear set out to solve. By investing in pioneering full fibre-to-the-premises technology, the company has already transformed digital connectivity for over 200 communities, and its ambitions continue to soar.
This injection of capital will be channeled into broadening Gigaclear’s extensive network, which currently spans over 22 counties in regions including the South West, Midlands, and South East of the UK. With a clear vision to connect 500,000 premises by the end of 2024, the new funds will drive further network upgrades, support innovative deployment strategies, and ensure that under-served areas can access faster and more reliable internet connections. The investment also reinforces Gigaclear’s commitment to public and private sector collaboration, leveraging both the Government-subsidised Broadband Delivery UK programme (BDUK) and commercial investments to deliver ground-breaking digital connectivity. With its strong industry recognition, robust investment backing from Infracapital, and a relentless focus on innovation, Gigaclear is uniquely positioned to continue transforming rural broadband and setting new benchmarks in the digital era.
