“This investment will support the improvement of digital connectivity, helping to address inequality of access to digital infrastructure.''
Key Information
Key Mission
Building Communities
Amount Invested
Amount Invested £20m
Location
Rural communities and small towns across Scotland
New Connections
70,000 new premises over next four years
Key Quotes
Eilidh Mactaggart, CEO of the Scottish National Investment Bank said:
“The Bank’s investment provides the cornerstone funding required for Lothian Broadband Group to rapidly accelerate its operational scale-up and fibre deployment in 2022.''
Gavin Rodgers, CEO of Lothian Broadband said:
“The backing of the Scottish National Investment Bank enables us to continue our rapid scale up as we establish the leading fibre-to-the-premise deployment platform for rural communities and small towns across Scotland.
“This new investment supports LBG’s commitment to building quality digital infrastructure and our inclusive, community-based approach to every village and town we serve.”
Alignment to the United Nation's Sustainable Development Goals
All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:
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Goal 4
Quality Education
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Goal 8
Decent Work and Economic Growth
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Goal 9
Industry, Innovation and Infrastructure
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Goal 10
