Although there are some local costs (for newsletters, this website, etc), these are being covered by small local donations. The main funding is completed through B4RN itself. Their website defines the three main ways to support CHAIN in Chipping. These funds will pay for the infrastructure and the initial installation.
Every community’s core investment is made up of shares, the value of which can be ring-fenced for supporting the build-out in their area. The shares are an investment, not only do they support the project in that community, but they have tax advantages and will pay a good return. For full details please see the shareholder prospectus on B4RN’s Resources page.
- Minimum shareholding £100 / maximum £100,000.
- All shareholders are members of B4RN. One member one vote.
- Shares must be held for a minimum of 3 years
- Interest of 5% can be paid out or reinvested.
- Some shareholders choose to invest £1,500 and claim free connection worth £150.
- Shares can only ever be sold back to B4RN at £1 each.
B4RN also currently accept a limited number of 5 and 10 year loans from the community, paying 5% interest. For full details please see B4RN’s loan prospectus on B4RN’s Resources page.
B4RN are a registered supplier on the Gigabit Broadband Voucher Scheme, which is part of the Local Full Fibre Networks Programme. This is a Government fund set up to help locally led projects across the UK leverage local and commercial investment in full fibre, which is the “gold standard” for fast and reliable broadband. It is aimed at helping local businesses and residencies to upgrade their internet to 1000 Mbps/1 Gbps. There are several voucher schemes with different levels of contribution to the cost of building the network. B4RN will choose which scheme is best for you and apply for the voucher on your behalf.
Most of the Chipping area is eligible for these vouchers, which help fund the whole scheme as well as contributing to the costs of installing the modems in each property. Please click on the link below to register your interest in a connection and to see if you are eligible for the voucher scheme.