Latest news with #NationalWealthFund
Yahoo
an hour ago
- Business
- Yahoo
Independent broadband provider to expand its network to 140,000 rural homes
Wessex Internet, an independent rural broadband provider to expand its broadband network to 140,000 rural homes and businesses in the South West Wessex Internet, a family-owned business that cares deeply about the rural communities it connects, was originally founded in 2010 to bring an internet connection to the founder's local village based close to Blandford Forum in Dorset. Since then, Wessex Internet has since grown into a Dorset success story and has already installed full fibre broadband to a network of 40,000 hard-to-reach homes and businesses across Dorset, Somerset, Wiltshire, and Hampshire. Its success has attracted a recent investment of £50m from the National Wealth Fund that, combined with £72m awarded from BDUK as part of Project Gigabit, will proudly help them to expand to an incredible 137,000 homes and businesses in rural parts of the South West, and support local communities that are often left behind by bigger broadband providers - bridging the digital divide. Wessex Internet has proven that it is possible to provide rural communities with ultrafast, reliable full fibre broadband – an essential service that will help to keep local communities thriving. Their approach to community focussed broadband is even award winning! From being named as the UK's Rural Enterprise at the 2024 Countryside Alliance Awards and the winner of the Best Community Project at the 2024 INCA awards. Not only are they focussed on the quality and service, Wessex Internet is also known for its 'sustainability first' approach to building the broadband network. The company will always work closely with the community, farmers and landowners to pick the best route for laying cables to minimise disruption and the need for roadworks wherever possible. Understanding the communities they build to and serve is at the heart of the company and in addition to working closely with them, for every area they build to, the company commits to support a local project and provides a connection to full fibre broadband for only £1. The Yellow Bus Project located in Shillingstone, Dorset has been a recent beneficiary. A spokesperson at the Yellow Bus Project has said, 'We can enable school children who visit the site to instantly research topics that spring up during their visits. It has also allowed us to develop our social media with informative videos and posts, keeping everyone in the community informed'. Award-winning and ultrafast rural broadband with download speeds of up to 900 Mbps, 13 times faster than the UK average, from just £29/month across Dorset, Somerset, Wiltshire and Hampshire. Find out if you can switch today: [with tracking link embedded]
ITV News
3 days ago
- Business
- ITV News
Chancellor Visits Cornish Tin Mine Set for Government-Backed Reopening
Rachel Reeves is visiting a Cornish tin mine that is set to reopen with government backing. The Chancellor says the £28.6 million National Wealth Fund investment to Cornish Metals, which is working to reopen the South Crofty tin mine, could create up to 1,300 jobs. The Chancellor is also visiting other Cornish businesses and is highlighting plans to cut red tape that aim to boost the region's pubs, clubs, restaurants and cafés by allowing more al fresco dining and longer opening hours. 'Despite having so much potential to grow, Cornwall has been neglected by successive governments, and its families and businesses have suffered as a result,' the Chancellor says. 'Like in every part of the UK, I am determined to unlock growth that creates jobs and puts more money in Cornish people's pockets. 'Our investment to revive Cornwall's proud tin mining industry and the thousands of jobs it will create for years to come is one way we are renewing the county.' The reopening of the mine itself is expected to create more than 300 jobs, and the Treasury estimates the mine could create 1,000 more as it fuels supply chains in the UK with demand for metal fabricators and electricians. It would support the UK's domestic tin supply amid increased demand for use in solar panels, wind turbines, electric vehicles, semiconductors and energy storage. Don Turvey, chief executive of Cornish Metals, says: 'We are honoured to welcome the Chancellor to South Crofty and proud to showcase the significant progress we're making as we move toward production. 'The UK Government's £28.6 million investment via the National Wealth Fund is a powerful vote of confidence in our project and the future of Cornwall's mining industry.' The Chancellor has also visited ship repair business A&P Falmouth and Harbour Lights fish and chip shop in Falmouth, and is visiting heat pump manufacturer Kensa in Truro.
Leader Live
3 days ago
- Business
- Leader Live
Reeves to visit Cornish tin mine due to be revived
The Chancellor said the £28.6 million National Wealth Fund investment to Cornish Metals, which is seeking to reopen the South Crofty tin mine, could create up to 1,300 jobs. The Chancellor will also visit other Cornish businesses and will hail plans to cut red tape that aim to boost the region's pubs, clubs, restaurants and cafes by allowing more al fresco dining and longer opening hours. 'Despite having so much potential to grow, Cornwall has been neglected by successive governments, and its families and businesses have suffered as a result,' the Chancellor said. 'Like in every part of the UK, I am determined to unlock growth that creates jobs and puts more money in Cornish people's pockets. 'Our investment to revive Cornwall's proud tin mining industry and the thousands of jobs it will create for years to come is one way we are renewing the county.' The reopening of the mine itself is expected to create more than 300 jobs and the Treasury estimates the mine could create 1,000 more as it fuels supply chains in the UK with needs for metal fabricators and electricians. It would support the UK's domestic tin supply amid increased demand for use in solar panels, wind turbines, electric vehicles, semi-conductors and energy storage increases. Don Turvey, chief executive of Cornish Metals, said: 'We are honoured to welcome the Chancellor to South Crofty and proud to showcase the significant progress we're making as we move toward production. 'The UK Government's £28.6 million investment via the National Wealth Fund is a powerful vote of confidence in our project and the future of Cornwall's mining industry.' The Chancellor has also visited ship repair business A&P Falmouth and Harbour Lights fish and chip shop in Falmouth and will go to heat pump manufacturer Kensa in Truro.
South Wales Guardian
3 days ago
- Business
- South Wales Guardian
Reeves to visit Cornish tin mine due to be revived
The Chancellor said the £28.6 million National Wealth Fund investment to Cornish Metals, which is seeking to reopen the South Crofty tin mine, could create up to 1,300 jobs. The Chancellor will also visit other Cornish businesses and will hail plans to cut red tape that aim to boost the region's pubs, clubs, restaurants and cafes by allowing more al fresco dining and longer opening hours. 'Despite having so much potential to grow, Cornwall has been neglected by successive governments, and its families and businesses have suffered as a result,' the Chancellor said. 'Like in every part of the UK, I am determined to unlock growth that creates jobs and puts more money in Cornish people's pockets. 'Our investment to revive Cornwall's proud tin mining industry and the thousands of jobs it will create for years to come is one way we are renewing the county.' The reopening of the mine itself is expected to create more than 300 jobs and the Treasury estimates the mine could create 1,000 more as it fuels supply chains in the UK with needs for metal fabricators and electricians. It would support the UK's domestic tin supply amid increased demand for use in solar panels, wind turbines, electric vehicles, semi-conductors and energy storage increases. Don Turvey, chief executive of Cornish Metals, said: 'We are honoured to welcome the Chancellor to South Crofty and proud to showcase the significant progress we're making as we move toward production. 'The UK Government's £28.6 million investment via the National Wealth Fund is a powerful vote of confidence in our project and the future of Cornwall's mining industry.' The Chancellor has also visited ship repair business A&P Falmouth and Harbour Lights fish and chip shop in Falmouth and will go to heat pump manufacturer Kensa in Truro.
North Wales Chronicle
3 days ago
- Business
- North Wales Chronicle
Reeves to visit Cornish tin mine due to be revived
The Chancellor said the £28.6 million National Wealth Fund investment to Cornish Metals, which is seeking to reopen the South Crofty tin mine, could create up to 1,300 jobs. The Chancellor will also visit other Cornish businesses and will hail plans to cut red tape that aim to boost the region's pubs, clubs, restaurants and cafes by allowing more al fresco dining and longer opening hours. 'Despite having so much potential to grow, Cornwall has been neglected by successive governments, and its families and businesses have suffered as a result,' the Chancellor said. 'Like in every part of the UK, I am determined to unlock growth that creates jobs and puts more money in Cornish people's pockets. 'Our investment to revive Cornwall's proud tin mining industry and the thousands of jobs it will create for years to come is one way we are renewing the county.' The reopening of the mine itself is expected to create more than 300 jobs and the Treasury estimates the mine could create 1,000 more as it fuels supply chains in the UK with needs for metal fabricators and electricians. It would support the UK's domestic tin supply amid increased demand for use in solar panels, wind turbines, electric vehicles, semi-conductors and energy storage increases. Don Turvey, chief executive of Cornish Metals, said: 'We are honoured to welcome the Chancellor to South Crofty and proud to showcase the significant progress we're making as we move toward production. 'The UK Government's £28.6 million investment via the National Wealth Fund is a powerful vote of confidence in our project and the future of Cornwall's mining industry.' The Chancellor has also visited ship repair business A&P Falmouth and Harbour Lights fish and chip shop in Falmouth and will go to heat pump manufacturer Kensa in Truro.
