Published: 09:16, 10 February 2020
| Updated: 09:20, 10 February 2020
Full fibre broadband provider Trooli has secured a further £5million of funding to roll-out its services across part of rural Kent.
It secured more than £25m from European investors last May and has now attracted another £5m from NatWest to enable it to reach more areas.
Trooli delivers full fibre broadband connections directly into customers’ homes providing guaranteed broadband speeds of between 300Mbps and 1GB.
The average download speed is around 50Mb.
Work has already been completed in Kings Hill, West Malling, Leybourne, West Peckham, Paddock Wood and parts of Coxheath with work under way in the rest of Coxheath, East Peckham, Longfield and Wateringbury and further plans to keep expanding in the immediate future.
In the next 30 months, the company aims to be available to 150,000 Kent homes and businesses, rising to 500,000 in five years.
Ashley Atkins, CFO for Trooli, said: “We’re extremely passionate about rolling out our full fibre network to as many communities in Kent as possible and delivering the broadband speeds they deserve.
“Demonstrating the ability to deliver against our business plan was a critical factor in gaining the confidence of NatWest. It is testament to the hard work of the whole Trooli team that we have secured this investment at such an early stage in the company’s growth plan.”
Ian Mason, relationship director for NatWest, said: “At NatWest, we are passionate about helping British businesses to prosper, and in turn to provide our regional communities with greater connectivity.
“With Trooli, we have not only found a business that is in a great position to succeed but one that will provide a real benefit to residents and business owners in Kent.
“We look forward to working with Trooli to help them deliver their business plan, whilst connecting thousands of new customers across Kent to full fibre broadband.”
More by this authorChris Britcher