A bid to obtain funding from the BDUK fund and the European Regional Development Fund (ERDF) has been made by the Local Enterprise Partnership (LEP) in Lancashire, seeking £13m from BDUK and a further £16.5m from the ERDF.
"The introduction of next-generation broadband across the whole county by 2014 would further unlock the business potential that exists here in Lancashire to generate growth from the economy.
Next-generation broadband could help to transform business by increasing the ability of companies to develop new products and expand into other services."Edwin Booth, Chairman (LEP)
The LEP hope that the bids will be matched by a similar amount of funding from the private sector. This would create a broadband fund for the county of around £60m. Lancashire has 468,868 households, though perhaps 50% can expect to receive super-fast broadband from commercial operators without any extra funding, thus a £60m pot equates to around £250 per household.
The matched funding from the private sector is something that may prove crucial for the various projects around the UK. This will tend to mean that firms such as Fujitsu and BT are much more likely to win the tenders to implement the networks, particularly as both have publically suggested a willingness to match funding projects.