The UK Infrastructure Bank has made a GBP250 million (US$322 million) debt investment in fibre broadband company nexfibre which is rolling out full-fibre broadband across the UK.

nexfibre, a partnership between InfraVia Capital Partners, Liberty Global, and Telefónica, is actively deploying full-fibre broadband to 5 million UK homes by 2026 through Virgin Media, which is part of Liberty Global and Telefónica. The hyper-fast network, utilizing the latest XGS-PON architecture, will allow Virgin Media O2 to extend its fiber coverage to approximately 23 million homes by 2028, reaching about 80% of the UK.

This investment is expected to foster growth in underserved areas and bridge existing digital service gaps, reducing inequalities in access to vital digital services. The loan from the Bank will specifically target locations with historically poorer digital connectivity or lower productivity levels, aiming to enhance overall digital infrastructure across the country.