Last chance to grab £2,500 worth of government funding for improved internet connectivity.
Christmas is coming, the pennies are drying up fast, and the chance to grab £2,500 worth of government funding for improved internet connectivity is running out.
It’s recently been revealed that more than 7,000 UK businesses have already signed up to the Gigabit Broadband Voucher Scheme (GBVS) enabling them to get a quicker, more reliable and secure internet connection.
Whilst 95% of the UK is running at speeds of up to 24 Mbps; a gigabit-capable connection will ensure a small to medium-sized business (SMB) can benefit from speeds up to 1,000 Mbps, helping enhance the way they communicate and collaborate.
The popularity of the scheme means it’s likely to end sooner than expected, prompting The Federation of Small Businesses (FSB) to issue a statement urging SMBs to take advantage of the funding now to avoid missing out.
What is the government offering?
In March 2018, the government announced it was providing £67m as part of its commitment to a vision of a full fibre Britain.
Fast forward to November 2018 and more than 7,000 SMBs had snapped up their £3,000 for a gigabit connection and the coffers are now running low.
Thanks to the huge demand, the government has reduced the maximum value of the vouchers to £2,500 in order for more businesses to take advantage of the limited-time funding.
How will the scheme help you?
The Gigabit Voucher Scheme aims to offer businesses a speedy internet connection through government vouchers of up to £2,500 which will be used towards the installation and set-up costs of an Ethernet connection.
Those that have embraced superfast connectivity have reported numerous productivity benefits, so all types of businesses should be considering the funding if they are wanting to upgrade to a fast, reliable, safe and secure connection.
Are you eligible?
Businesses which employ less than 250 people are eligible for the vouchers, providing their annual turnover doesn’t exceed €50m. Additionally, if a business has received less than €200k in public grants in the last three years and hasn’t already benefitted under this scheme, then the GBVS is also available to them.
To find out more about the scheme, view our handy infographic detailing how the GBVS works and how you can claim some of the funding.