The Scottish National Investment Bank is also supporting the initiative with an additional £10m.

The funding will allow Highland Broadband to accelerate its rollout of gigabit connectivity to digitally underserved towns and villages, helping to bridge the digital divide and unlock long-term economic potential across the region. The new network is expected to improve quality of life for residents and businesses, while laying the groundwork for future innovation and growth.

The Edinburgh-based Burges Salmon team advising AlphaReal was led by partner Stuart McMillan, senior associate Samir Younes and solicitor Emer O’Connell from the firm’s banking and finance team. They were supported by specialists across the firm advising on real estate, construction and commercial matters. Burges Salmon acted on the Scottish law aspects of the transaction, working in collaboration with law firm Fladgate, which advised on English law matters.

Mr McMillan comments: “We’re delighted to have played a part in facilitating this substantial new investment into Highland Broadband and the rural communities it serves.

“The roll-out will make a real difference to people and businesses, supporting jobs and boosting economic growth. It was a pleasure collaborating with Fladgate on this transaction, and it’s another example of Burges Salmon’s strong expertise in banking and finance deals in Scotland.”

Brad Bauman, head of alternative credit at AlphaReal, added: “We are delighted to provide this initial facility to Highland Broadband. We have extensive experience in providing bespoke lending solutions across the debt spectrum, and as we expand into digital infrastructure, we look forward to working with the team at Highland Broadband.

“It was a pleasure to collaborate with both Burges Salmon and Fladgate on this transaction. Their joint approach ensured a seamless and highly professional service throughout.”