BT wants to ensure that all British homes have access to internet speeds of at least 10 megabits per second through investing £600million.

BT’s ambition is to offer coverage of at least 10 megabits per second to 99% of homes and businesses in Britain by 2020.

The telecommunication provider aims to make its money back by charging access to its local networks, according to Reuters.

BT chief executive, Gavin Patterson, told Reuters: “We already expect 95% of homes and businesses to have access to superfast broadband speeds of 24 megabits per year or faster by the end of 2017.

“Our latest initiative aims to ensure that all UK premises can get faster broadband, even in the hardest to reach parts of the UK.”

British culture secretary Karen Bradley added in a statement: “The government will warmly welcome BT’s offer, and will now determine whether this or a regulatory approach will be the best option for homes and businesses to gain access.

“The driving force behind our decision making will be making sure we get the best deal for consumers.”

According to Tech Republic, better access could also encourage start-ups and new tech companies to open shops in areas outside of the city centres.

Written by Leah Alger