4 Funding the network

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Cybermoor Study Visit - financing community broadband

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4 Funding the network

  1. 1. FUNDING THE NETWORK
  2. 2. Organisational StructureTechnologyTypes of finance Loan / Equity / BondsFINANCE MIX
  3. 3. Industrial & Provident SocietyRuns fibre optic networkRaises money through grants / community sharesCYBERMOOR NETWORKS
  4. 4. Victorian legislationDemocratic - 1 member, 1 voteMinimum investment £100COMMUNITY SHARES - HOW IT WORKS
  5. 5. COMMUNITY SHARE OFFERS
  6. 6. Industrial and Provident Society produces:Business PlanOffer documentInvestment in share capital1stoffer in Q1 20122ndoffer in Autumn - Seed Enterprise Investment Scheme50% tax rebateInvestment rolls out fibre to target premisesCYBERMOOR NETWORK SERVICES
  7. 7. RDPE funding from EuropeDedicated amount for rural broadband projectsCashflow challengesState AidNeeds to be matchedRURAL DEVELOPMENT PROGRAMME FORENGLAND (RDPE)The European Agricultural Fundfor Rural Development:Europe investing in rural areas.
  8. 8. Technology option Finance1. Wireless systemusing light licensedspectrum 5.8Ghz.Share OfferGrant providing the network conforms with state aid guidanceWindfarm GrantLoans1. Upgrade exchanges– working with a CPto provide ADSL2+from the exchange.Share OfferLoansOperator contributionWindfarm Grant1. FTTH – whereCommunity ownthe network andother serviceproviders use it.Share OfferLoansOperator contributionWindfarm GrantFUNDING BY TECHNOLOGY
  9. 9. Private investmentJoint venture with infrastructure providerGuaranteed sign ups and customer contractsSoft loansOTHER FUNDING
  10. 10. Company Ltd by guarantee Easy to set up Not possible to do community sharesCommunity Interest Company Asset lock Recognised as a social enterprise Not possible to do community sharesOTHER STRUCTURES
  11. 11. Telehealth – remote patientmonitoringTelemedicine – video linksfor patient assessmentDoH Pathfinder projectNHS TELEHEALTH / TELEMEDICINE
  12. 12. More partnerships with the private sectorMore partnerships with the community sectorCommunity sharesInfrastructure grantsServices and applicationsFUTURE FUNDING OPPORTUNITIES
  13. 13. Range of funders different activities on a project.Mix of services / applications / infrastructure.Funding cyclicalThink creatively about what aspects of the projectwill appeal to different funders.Work from unsuccessful bids may be useful in forfuture projects.SUMMARY
  14. 14. CONTACT DETAILSDaniel HeeryProject ManagerCybermoor LtdAlston Town HallAlston CA9 3RFE-mail daniel.heery@cybermoor.org.ukPhone 01434 382 808Presentation: www.cybermoor.org

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