Investment Thesis
Fibre networks play a critical role in the climate transition by offering significantly greater energy efficiency than legacy copper and mobile technologies, using less power per unit of data transmitted. Their high-capacity, low-latency performance enables the digitalisation of energy, industry and transport systems, supporting emissions-reducing solutions such as smart grid management, remote operations and advanced monitoring.
The Fund has committed about £140m to three UK fibre providers: ITS Technology Group, Truespeed Fibre and County Broadband. Truespeed and County (merged in 2025) focus on underserved rural and market-town communities, while ITS delivers nationwide B2B connectivity, supporting the expansion of resilient, low-carbon digital infrastructure. In 2025, 14,406 new fibre customers were connected to these networks.