Council leaders have approved a financial plan which paves the way to unlock a £7.39 million Government boost for improved broadband in Derbyshire.
The Government’s £7.39 million Broadband Development UK allocation would have been lost if the same amount in match funding had not been found.
On Monday members of the county council’s cabinet agreed to underwrite the match funding from the authority’s reserves to meet the Government’s end of February application deadline.
Cllir Kevin Parkinson, Derbyshire County Council Cabinet Member for Regeneration, said: “This is great news for Derbyshire.
“Without underwriting the bid we would have lost the fantastic opportunity which the Government’s £7.39 million brings to improve broadband across the county.”
The county council had already approved a one-off contribution of £1.056 million at an earlier meeting.
This week cabinet agreed to underwrite the shortfall of £6.334 million to allow it to match the Government’s promise of £7.39 million, which otherwise would be lost to the county.