The Welsh Government has launched a new scheme offering up to £10,000 to firms who install broadband services offering speeds of more than 100Mb.
Under the Ultrafast Connectivity Voucher initiative, assistance will be provided towards the capital costs of installing new services to businesses in Enterprise and Local Growth Zones.
Previously, businesses could benefit from Connection Vouchers as part of the UK government’s Urban Broadband Fund, which offered grants of between between £200 and £3,000, but low take-up and less appealing incentives have led to the new offer, which the Welsh Government says is suitable for medium and larger businesses with data requirements necessitating fast speeds.
Julie James, Welsh Deputy Minister for Skills and Technology, said there is "no question" that first class internet connectivity is paramount for all businesses, from the smallest micro-business to the largest multinational.
She added: "The significant initial costs of having ultrafast broadband speeds, particularly in rural areas, can be a barrier for some businesses. The Ultrafast Connectivity Voucher will remove that cost barrier, and make reaching ultrafast speeds much easier."