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The UK could be entitled to a portion of extra funding to spend on faster broadband internet infrastructure under new EU proposals.

Proposed revisions to the EU financial framework by the European Commission (EC) will release an extra €5 billion (£4.47 billion) for energy and broadband projects if accepted.

The money has been earmarked to improve energy security throughout the EU and boost faster internet connections across 27 member states.

Dalia Grybauskaite, commissioner for financial programming and budget, said: "Today's proposal is about creating a more competitive, low-carbon economy, putting a much needed €5 billion into European energy interconnections and faster internet.

"I am confident that Council and the European Parliament will rise to the challenge and make the necessary funds available by the end of this year so that work on the ground can start as quickly as possible."

Infrastructure funding would be drawn from the budget heading for agriculture, where the funds would have remained unspent.

The CC has proposed drawing €3.5 billion (£3.1 billion) from the 2008 budget allocation and €1.5 billion (£1.34 billion) from the 2009 budget allocation for infrastructure funding up to 2010.

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