A broadband provider has secured funding that will help connect more rural communities across Pembrokeshire.

Broadway Partners has secured £145 million from Downing LLP to support its plan to connect towns and villages across the region.

Broadway has connected hundred of premises in communities in Pembrokeshire, with networks soon to be rolled out across Powys, Ceredigion, and Carmarthenshire.

The funding will support Broadway’s aspirations to connect 250,000 homes and businesses by 2025 and to become the natural alternative provider of digital infrastructure.

“The investment from Downing LLP will enable Broadway Partners to accelerate its rural broadband programme," said Michael Armitage, CEO of Broadway Partners.

"We are offering vital connectivity to businesses and households in parts of the country that other providers can’t reach.

"We are fortunate to have had Souter Investments as our provider of funding and wise counsel since 2018.

"Their expertise and guidance have been invaluable as we have grown from ambitious start-up to even more ambitious challenger.

"We are looking forward to the next phase of our mission with Downing with confidence and optimism.”

Broadway Partners launched in 2016 to deliver affordable, high-speed broadband services to the more remote regions of the UK, particularly Wales and Scotland.

Sean Moore at Downing LLP said: “We’re delighted to be working with Broadway Partners to accelerate its plans to bring full fibre into Wales and Scotland.

"We believe that digital infrastructure, particularly in rural communities, is a key enabler of economic growth and social well-being within the communities that it serves.

"Specifically, gigabit-capable fibre provides a future-proof solution, ensuring that the targeted towns and villages are not left behind.

"We look forward to supporting the team with their growth ambitions over the coming years.”

Marcus Allchurch, Managing Partner at Acuity Advisors said: “We have extensive experience working with independent fibre network businesses.

"I am delighted to have secured this funding package for Broadway to accelerate its rollout.

"The team have a clear focus on delivering next generation full-fibre connectivity to rural communities in Wales and Scotland.

"I believe that Downing have backed a fantastic team and platform, and look forward to watching the business thrive in partnership with its excellent new backer.”