Wales will Recieve £0m Funding for Broadband

Chancellor George Osborne has announced that an area in the north west of Wales will receive a £10m grant to fund the rollout of superfast broadband as part of the government's drive to connect the whole of the UK with fibre internet.

The funding was announced during a visit to Wrexham, and will come from the government's pot of £530m that has been put aside for the delivery of broadband announced last October during the Comprehensive Spending Review.

Osborne said that the investment will help foster growth in the region, and promised that there will be more funding for Wales in the coming months to help the nation evolve.

"This funding will support the Welsh economy and help drive the private sector-led recovery by driving innovation and commercial opportunities in communities across Wales," he said.

"This is just the first wave of funding for Wales from the £530m we have already set aside to extend superfast broadband across the UK."

Ieuan Wyn Jones, deputy first minister for the Welsh Assembly, welcomed the news, arguing that it is vital for the nation to be connected to the next generation of superfast broadband.

"Fast reliable broadband is central to supporting local communities and economic growth, and is an important part of our Economic Renewal Programme," he said.

"It is a key priority for us, and that is why we have set a target for all businesses in Wales, large and small, to have access to next-generation broadband of 30Mbit/s by mid-2016, and all households by 2020."

The UK government has said that it wants all citizens connected to the internet with speeds of 2Mbit/s by 2015 to ensure that the country can compete with other nations that are already enjoying the benefits of superfast broadband.

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