While the initiative is still in pilot mode, seven projects have already hit their targets with communities and BT coming together to raise over £75,000 to bring fibre broadband to their local area.
An increasing number of communities up and down the UK have turned to crowdfunding as a way of raising money for their fibre installation projects including Berkshire-based broadband campaign group ‘Faster Broadband for Twyford’.
Members of the group set up a project using Spacehive, a crowdfunding platform for projects recognised crowdfunding service, to help them raise around £10,000 needed to get fibre into their community. Thanks to crowdfunding, that target was reached in a matter of weeks.
Similarly, when the residents of Tattenhoe Park in Milton Keynes needed to raise over £2000 to match fund a grant to get faster broadband they set up a Spacehive page too. Pledges quickly rolled in and now fibre is set to get rolled out to their community.
And residents of Wellow near Bath have also secured a community fibre broadband solution for their village via crowdfunding their costs. It took little over a week for their crowdfunding page to attract the amount they needed and now 90 households in the village are looking forward to greatly improved broadband speeds.