Truespeed, the Bath-based full fibre broadband provider, is to invest a further £22m in its network, extending it to new 12 areas in the West of England, including parts of Bath.
The firm said the rollout was set to bring guaranteed speed, ultrafast and ultra-reliable broadband to a potential further 43,000 properties.
Truespeed has been on a mission to connect underserved communities across the region since it started out as a community interest company in 2014.
Having become one of the Bath area’s fastest-growing companies, earlier this year it received £100m from Aviva Investors to widen its reach.
The investment, the largest funding since Truespeed’s launch, was the second from the global asset management arm of UK-based insurance giant Aviva, following on from £75m in 2017.
Its latest expansion takes its network into Bathwick, Widcombe and Combe Down in Bath as well as entering South Gloucestershire for the first time, where it will cover Thornbury, Almondsbury, Bradley Stoke, Patchway, Stoke Gifford and Chipping Sodbury.
Alongside this, Truespeed is also adding a number of new towns and villages in North Somerset following its debut in the area in March as part of a £9m expansion.
Planning and building works are already underway in the new areas with new customers being connected to its service as the work progress throughout 2023.
In line with its network expansion, Truespeed has scaled up its operations and now employs more than 200 people directly in the area alongside creating additional work for its contractor partners.
The firm says its full fibre technology delivers guaranteed, symmetrical upload and download speeds of up to 900Mbps for residential customers and 10Gbps for business users.
In May it announced a 12-month price freeze while it also offers a 30-day money back guarantee. Its Bath-based call centre aims to answer calls within 30 seconds.
Truespeed CEO James Lowther said: “Access to reliable, ultrafast broadband plays an essential role in everyday life and we’re pleased to be rolling out our ultrafast full fibre network to more homes and businesses than ever before.
“By investing in multiple communities across the South West we’re providing an enormous upgrade to a vital modern day utility.
“Truespeed is working tirelessly to improve connectivity throughout the region and we’re excited to continue the rapid expansion of our ultrafast network.”
