The Lincolnshire County Council has announced a new deal with BT under which the telecom giant will offer superfast fibre optic cable to at least 88 per cent of businesses and households in the region.
BT will kick off phase one of the project in January 2014, with plans to complete the remaining seven phases by March 2016. The new project will bring rural communities in Lincolnshire broadband speeds of 24Mbps.
According to reports, BT is investing £18.8 million into the £48 million project. The other financial backers include the government (£14.3 million), the county council (£11.2 million) and district authorities (£4 million)
"The benefits of this project are highly significant for East Lindsey's economy, which is why the district council has agree an investment of £1 million into the programme," said Councillor Craig Leyland, East Lindsey District Council's portfolio holder for economic regeneration.
"Improved internet connection speeds will enhance the district as a place to live and work, providing a huge boost for businesses, enabling them to improve their competitiveness, develop new markets and create new jobs," he added.
The UK government has committed to a £530 million plan that will ensure everyone in the country has access to broadband speeds of at least 2Mbps by the fall of 2015. It further pledged to offer 24Mbps superfast broadband networks to at least 90 per cent of households and businesses throughout the country within the same time frame.