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Liverpool is set to benefit from a new digital exchange that will boost broadband speeds in the city.

The new super-fast broadband technology will link Liverpool City Council's existing broadband infrastructure with Virgin Media's fibre optic broadband offering.

Costing £1 million, the new high-speed broadband project has been made possible thanks to a £400,000 grant from the Technology Strategy Board (TSB).

The move signals the creation of Liverpool's first digital exchange and will allow the city to compete with the only other two cities that have adopted the new technology - London and Manchester.

Liverpool's new high-speed broadband project is being driven forward by AIMES Grid Services.

The company has already signed up a number of high-profile organisations to use its new network, including the BBC, Sony, UCI and Getty Images.

Earlier this year, AIMES secured £150,000 worth of funding from the TSB to push ahead with a new cloud computing solution for the UK's health research industry.

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