Aviva Investors provides up to £100 million of additional funding to Truespeed for delivery of full fibre network to homes and businesses

(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has provided up to an additional £100 million of funding to Truespeed, to extend the roll-out of the Bath-based provider’s ultrafast, gigabit-capable full fibre network across the South West of the UK.

It is the second investment made by Aviva Investors managed funds in Truespeed, following an initial £75 million investment in 2017.

sparkling optical fibre image

The new tranche of funding will help Truespeed extend the provision of its full fibre network across underserved rural and suburban areas as well as small towns in South West England. This new infrastructure will significantly improve the digital capabilities of homes and businesses across the region which currently struggle with substandard broadband. The firm has also committed to providing free broadband to local primary schools and community hubs passed by its network.

Sean McLachlan, Senior Director, Infrastructure, at Aviva Investors, said:

“Since our initial investment in 2017, Truespeed has continued to successfully deliver essential gigabit-capable broadband infrastructure to under-served locations across the South West. This second tranche of funding reflects our belief that the company and its activities not only represent a sound investment, but also creates significant social and economic benefits for local communities. We look forward to continuing to support Truespeed and furthering the roll out its network build and award-winning service.”

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Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £268 billion in assets under management as at 31 December 2021.

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Issued by Aviva Investors Global Services Limited, registered in England No. 1151805. 
Registered Office: St Helen's, 1 Undershaft, London, EC3P 3DQ. Authorised and regulated by the Financial Conduct Authority and a member of the Investment Association.

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