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6th January 2022

GoFibre has secured £164m investment

Borderlink, which trades as broadband provider GoFibre, has secured a further £164 million investment from specialist asset management company Gresham House to accelerate its rollout of gigabit-capable fibre broadband in Scotland and the north of England.
 
Borderlink previously received funding of £10.5m in April from Gresham House’s British Strategic Investment Fund (BSIF) and has made significant progress rolling out fibre broadband in the Scottish Borders, Lothian, Northumberland and Angus.
 
This new investment will allow Borderlink to go faster and further in their mission to connect local people and businesses to a full fibre network built for a digital future, and enable up to 500,000 local homes to access gigabit-capable speeds over the next three years.
 
Borderlink plans to recruit another 100 employees to add to the 70 hired since April bringing the total to 200 staff, and open new offices in Berwick-upon-Tweed and Edinburgh to bring further economic benefits to the region.