The National Wealth Fund (NWF) has stepped up its commitment to Netomnia with an additional £25 million loan, enhancing a previous £75 million loan from the UK Infrastructure Bank. This brings NWF’s total support to £100 million for Netomnia’s ambitious expansion of its high-speed broadband network.
So far, this funding has connected over 100,000 premises, providing high-speed services to around 10,000 customers in underserved areas—a number expected to double as the network grows. Netomnia’s CEO, Jeremy Chelot, highlighted that this investment underscores their mission to build a robust digital infrastructure for the UK.
Jeremy Chelot, CEO at Netomnia and Group, commented: “This additional £25 million investment from NWF is a powerful vote of confidence in Netomnia’s vision and execution. It will significantly accelerate our ability to deliver fast, reliable broadband to more homes and businesses across the UK, particularly in underserved communities. We’re not just building infrastructure; we’re laying the foundation for the UK’s digital future, and Netomnia is committed to ensuring no one is left behind.”
Stuart Nivison, head of portfolio management at NWF, emphasized the importance of this investment in enhancing connectivity for communities that lack reliable broadband. This announcement follows Netomnia’s merger with brsk, positioning the new entity as the second-largest full-fibre provider in the UK, with a goal to reach 3 million premises by the end of 2025.
