Kitz Forum
Announcements => News Articles => Topic started by: Bowdon on February 20, 2019, 01:38:08 PM
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https://www.ispreview.co.uk/index.php/2019/02/b4rn-start-3m-crowdfunding-drive-after-loss-of-eis-tax-relief.html
The community built and funded rural UK ISP B4RN, which has been rolling out a 1Gbps capable Fibre-to-the-Home (FTTH) broadband network to remote parts of Cheshire, Cumbria, Essex, Lancashire, Norfolk, Suffolk and Yorkshire, looks to be preparing a crowdfunding drive in the hope of raising £3m to help it expand.
As ever with such initiatives the crowdfunding page warned that repayment is “not guaranteed” and the minimum investment allowed is £50. If less than £1 million is raised within the first 70 days, the monies will be returned to investors with no accrued interest.
The government really needs to pull its finger out with the decisions it makes. On the one hand it says its trying to encourage fibre building while on the other hand disincentivising and discouraging community led initiatives.
I hope that anyone within the boundaries of B4RN's expansion plans should seriously consider investing in the crowdfunding page as in the long run it will not only benefit them, but their community and also the country, to have another company helping to speed up the full fibre coverage.