Gowling WLG has advised fibre broadband provider Gigaclear on the terms of a loan from the European Investment Bank (EIB).

The €25m committed debt facility from the EIB is the largest awarded to a British company. The investment will enable Gigaclear to treble the size of its broadband network and bring some of the fastest internet speeds to 40,000 properties across rural Britain.

Banking and Finance partner Chris Brierley led on the deal.