{"id":33835,"date":"2023-03-01T11:50:46","date_gmt":"2023-03-01T11:50:46","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=33835"},"modified":"2023-03-01T11:50:46","modified_gmt":"2023-03-01T11:50:46","slug":"huge-130m-boost-for-grains-uk-fttp-broadband-rollout","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/03\/huge-130m-boost-for-grains-uk-fttp-broadband-rollout.html","title":{"rendered":"Huge \u00a3130m Boost for Grain’s UK FTTP Broadband Rollout"},"content":{"rendered":"

Cumbria-based network builder and broadband ISP Grain<\/a> (Grain Connect<\/a>) has today announced that they’ve secured an additional \u00a3130 million of funding to help “accelerate<\/em>” their ongoing rollout of a new gigabit-capable Fibre-to-the-Premises (FTTP<\/a>) network across the United Kingdom.<\/p>\n

The provider has so far announced full fibre broadband deployments across nearly 50 towns and cities, including locations such as Hull, Leicester, Liverpool, Accrington, Grimsby, Cleethorpes, Scarborough, Carlisle, Barrow-in-Furness, Hartlepool, Newport, Sunderland, Blackburn and many more.<\/p>\n

NOTE:<\/strong> The first phase of Grain<\/a>\u2019s network roll out is expected to cover 400,000 premises (timescale is unclear).<\/div>\n

In short, today’s announcement includes funding via a \u00a3110m bank facility, with an initial tranche of \u00a340m from German Landesbank Nord L\/B. In order to complement Nord\/LB\u2019s debt financing, some \u00a321m of additional equity is also being invested by existing shareholders – Equitix, Albion Capital and Pinnacle Group.<\/p>\n

The funding, which is on top of the \u00a390m previously raised by Grain<\/a>, brings the total capital to invest in the business to over \u00a3200m<\/strong>. The provider further states that they’ve grown a lot in the past year and now employ over 100 “new people<\/em>“, including engineers and sales representatives. Not to mention that they recently opened a new Head Office in Carlisle.<\/p>\n

Grain<\/a>\u2019s Chief Financial Officer, Roland Barzegar, said:<\/strong><\/p>\n

“This further investment in Grain will see us accelerate the rollout already underway across the country. We have proven that our model of providing fast, reliable and great value broadband is working, and customers are happy that they have more choice outside of the national broadband providers.<\/p>\n

Our investors have helped us to bring to life the vision for the business and share in our excitement for the brand, and what we can achieve. The additional bank facility and partnership with Nord L\/B cements our place as one of the leading alt-nets in the country.”<\/p><\/blockquote>\n

However, despite the positive news, it remains unclear how much progress has been made on Grain’s physical build. The operator’s decision to roll out in many locations that are already very competitive is another challenge, since this tends to make it harder to grow take-up. Nevertheless, Grain’s investors have today given the operator a huge vote of confidence, which would appear to bode well for their future prospects.<\/p>\n

Customers of the regular service, once live, normally pay from just \u00a325.99 per month for a symmetric 100Mbps package on a 12-month term (currently discounted to \u00a317.99), which goes up to just \u00a349.99 for their top 900Mbps plan (discounted to just \u00a329.99). All of these packages come with unlimited usage, free installation, a router and a pledge to ensure \u201cno in-contract price rises<\/em>.\u201d The ISP also has a social tariff for those on benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cumbria-based network builder and broadband ISP Grain (Grain Connect) has today announced that they’ve secured an additional \u00a3130 million of funding to help “accelerate” their ongoing rollout of a new gigabit-capable Fibre-to-the-Premises (FTTP) network across the United Kingdom.<\/p>\n","protected":false},"author":1,"featured_media":20316,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,444,56],"class_list":["post-33835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-cumbria","tag-fttp"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"\nHuge \u00a3130m Boost for Grain's UK FTTP Broadband Rollout - ISPreview UK<\/title>\n<meta name=\"description\" content=\"Cumbria-based network builder and broadband ISP Grain (Grain Connect) has today announced that they've secured an additional \u00a3130 million of funding to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ispreview.co.uk\/index.php\/2023\/03\/huge-130m-boost-for-grains-uk-fttp-broadband-rollout.html\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huge \u00a3130m Boost for Grain's UK FTTP Broadband Rollout - 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