{"id":354479,"date":"2025-08-18T15:41:10","date_gmt":"2025-08-18T15:41:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/354479\/"},"modified":"2025-08-18T15:41:10","modified_gmt":"2025-08-18T15:41:10","slug":"fresh-125m-for-gofibre-to-expand-connectivity-in-rural-scotland","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/354479\/","title":{"rendered":"Fresh \u00a3125m for GoFibre to expand connectivity in rural Scotland"},"content":{"rendered":"

Investment<\/a><\/p>\n

Edinburgh-based broadband company GoFibre has completed a \u00a3125m funding round that will support its delivery of two Project Gigabit contracts in the South and North East of Scotland.<\/p>\n

The contracts will cover the Borders, East Lothian, Angus, Aberdeenshire and the Moray coast.\u00a0<\/p>\n

The round was led by a \u00a345m debt facility from the Scottish National Investment Bank, alongside a further \u00a380m from Hamburg Commercial Bank (HCOB).\u00a0<\/p>\n

An independent Scottish provider focused on expanding digital connectivity in underserved rural areas, the Edinburgh-based firm contributes to regional economic development by using local supply chains and recruiting talent within the communities it is connecting.<\/p>\n

Backed by Gresham House\u2019s British Sustainable Infrastructure Funds, the business was recently awarded a \u00a3105m contract by the Scottish Government for the delivery of the UK government-funded Project Gigabit in the North East of Scotland.<\/p>\n

\n

Former HSBC CEO appointed by Oxford Quantum Circuits<\/a><\/p>\n<\/blockquote>\n

The Project Gigabit programme aims to allow hard-to-reach communities to access fast, reliable gigabit-capable broadband.\u00a0<\/p>\n

\u201cThis is a significant step-change in GoFibre\u2019s position both as a major independent broadband provider, and as a significant company in Scotland,\u201d said Neil Conaghan, CEO of GoFibre.<\/p>\n

\u201cOur appointment as the supplier for the biggest Project Gigabit delivery area in Scotland, in the North East, builds on our win earlier this year for the very first Scottish lot to be announced, for the Borders and East Lothian.<\/p>\n

\u201cWe are excited to play a crucial role in bringing the very best full fibre broadband connectivity to rural areas in Scotland, as part of our mission to bridge the digital divide.<\/p>\n

\u201cWe are grateful for the support of The Scottish National Investment Bank, HCOB and Gresham House as we continue to build and grow GoFibre.\u201d<\/p>\n

Ailsa Young, investment director of innovation at the Scottish National Investment Bank, added: \u201cGoFibre is a great example of a Scottish scale-up that is targeting growth through delivering tangible local impact.\u00a0<\/p>\n

\u201cWe live in an increasingly digital world where high-speed, reliable internet is essential for accessing services and building and maintaining connections.<\/p>\n

\u201cBroadband is a critical service for businesses and communities. This continues to be an important sector for us, so we\u2019re delighted to support GoFibre as it delivers important connectivity to the north east of Scotland.\u201d<\/p>\n

\n

ClimateTech VC targets \u00a3150m for second fund<\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"Investment Edinburgh-based broadband company GoFibre has completed a \u00a3125m funding round that will support its delivery of two…\n","protected":false},"author":2,"featured_media":354480,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5009],"tags":[748,25554,4884,712,16,15],"class_list":{"0":"post-354479","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-scotland","8":"tag-britain","9":"tag-businesscloud","10":"tag-great-britain","11":"tag-scotland","12":"tag-uk","13":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115050531025366623","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/354479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=354479"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/354479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/354480"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=354479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=354479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=354479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}