A request for proposals to raise and manage the government's proposed Broadband Investment Fund.
The Chancellor of the Exchequer announced at Budget 2016 that the government would, in partnership with the private sector, establish a new broadband investment fund.
The aim is to support the growth of the ultrafast broadband industry, particularly alternative ultrafast broadband network developers, by providing greater access to finance on a commercial basis.
This document sets out HM Treasury’s request for proposals, providing fund managers with the necessary information to decide whether to submit a proposal to raise and manage the fund, and to ensure that any response is in accordance with HM Treasury’s requirements.
Update: The deadline for receipt of proposals has been extended to 8 August 2016. A summary of queries received and responses to them can be requested by emailing BIF@IPA.GOV.UK