B4RN broadband project sees 200 people buy shares

The Broadband for the Rural North (B4RN) share issue has so far seen around 200 people acquire stakes in the community infrastructure project.

Construction of the north Lancashire fibre optic broadband network began at the end of last month after sufficient funding was raised through the share offer.

Eventually, the project leaders are looking to connect around 1,400 local homes and businesses to the super-fast broadband service, which will be capable of delivering speeds of up to 1Gbps.

Speaking to the Daily Telegraph, B4RN management team member Christine Conder revealed that 200 people have purchased shares at £1 each, with "quite a few" opting to purchase £1,500 worth.

In return for this sizeable outlay, investors receive free connection to the broadband network - normally charged at £150 - and a one-year subscription to the service for no additional charge.

"This may be a lovely place to live, but broadband availability is extremely poor," Ms Conder explained.

"Farmers aren't just keen on it coming here, they're desperate for it."

If weather conditions are suitable and the digging remains on schedule, the first properties are expected to be hooked up to the B4RN network by June.