Altnet Broadband ISP Gigabit IQ Starts UK Crowdfund to Raise £270,000

Internet access and online security provider Gigabit IQ (formerly Grayshott Gigabit) has officially launched their promised crowdfunding campaign, which aims to raise fresh investment of £270,000 to help grow and expand the business via the “next generation of safe, reliable broadband for the country“.

Readers might recall that we first covered Gigabit IQ’s then tentative plan back in October 2025 (here). At the time we remarked that the idea of crowdfunding in this way was rather unusual for a broadband provider and isn’t likely to scale as well as shares or direct investment agreements (e.g. private equity, debt, bank loans, public subsidy etc.), but it could still have some benefits, provided investors are willing to take the risk.

Speaking of risk, the original notification email from last year also rightly warned that this would be a “high risk investment” and one where those who make a commitment are “unlikely to be protected if something goes wrong“. All of this is very important because Gigabit IQ isn’t yet a large, familiar brand like some of the market’s other players.

However, despite the challenges of such an approach, the provider has just informed ISPreview that they went live on Republic Europe last week with their first EIS-eligible (Enterprise Investment Scheme – tax relief) crowdfunding round to help them “scale nationally“. The pre-promotion work also seems to have paid off as, at the time of writing, some 40 investors have already committed £243,650 of the £270k target with 23 days left to run.

The campaign mentions the provider as having an “addressable reach” of 1.5 million homes, which we’re told reflects the “total capacity” of all the alternative wholesale fibre networks they currently work with to deliver their services (e.g. Freedom Fibre’s alternative FTTP network and others).

According to the details, the company appears to be offering Equity of 5.12% in the business, which is the percentage of the company’s shares being issued in return for the amount of investment raised. Individual investors can commit anything from as little as £50 (price of one share) and upwards, although unfortunately you have to sign up to the Republic Europe site to see all the details.

The targeted level of funding (£270k) isn’t all that huge in today’s landscape of expensive broadband altnets and retail provider expansions, so it seems to be more focused on development of their existing internet security services and systems / platform (we’re checking this). We’ll keep an eye on this one to see how it fares.