I have read somewhere that BDUK monies is equaly to £500 per home. (perhaps thats BS so please correct me if i read that wrong)
Not close.
I guess it differs county-by-county, but it very much depends on the target coverage set by the county, governed by how much extra the county chose to add for itself. As the targets increase, the marginal cost per property increases - somewhat exponentially.
For example, Surrey got £1.3m from central funds, but added £20m of their own to target a high percentage - over 99% of properties. That's around 80,000 properties at a high average of
£266 per property.
North Yorkshire got £17.8m from central government, and added £8.6m from the EU, but added nothing itself. The target there is around 90% of properties, and £5m of the budget is being left for the USC portion. This budget for phase 1 of the NGA work will reach 150,000 properties, so amounts to a lower figure of
£142 per property.
The lower average figure for North Yorkshire is because the project (with a target of 90%) isn't yet targeting the *really* expensive properties...
North Yorkshire got some additional funds for a second phase of work (although the money still comes from the phase 1 pot centrally). This amounts to £8m from central government, county and the EU. An additional £2m gets released from the previous USC budget to augment the total spend on NGA.
This £10m buys 11,000 properties at superfast speeds (a staggering
£900 per property), but actually connects 17,700 properties to NGA cabinets (
£564 per property).
As you can see... the amount per property starts to rise dramatically once the targets go beyond 90%.
There is a 'gotcha' to these figures, as the first number could be improved by use of FTTRN, if the trials proceed successfully. If they do, then the former number increases to 16,000 properties (so would be
£625 per property); the second number does not increase.
This is also visible when you look at the central funding of the two BDUK phases announced so far:
The first phase (targetting 90%) will improve speeds for roughly 20% of the country. £500m aimed at about 5.2 million properties;
£96 per property (the centrally-funded portion only).
The second phase (targetting 95%) will improve speeds for roughly 5% of the country.
£250m aimed at about 1.3 million properties;
£192 per property (again, the central portion only).
surely there is some form of regulator making sure the money is being used fairly and to improve services for the worst effected
No. The money is definitely not being targetted at the
worst affected. Using value-for-money criteria, it is being used to target the ones who can be upgraded for the lowest capital outlay - which ensures that the (finite) pot of money brings superfast speeds to the highest number of properties.
These properties aren't likely to be the worst affected.
Even the next phase of money doesn't target the worst affected ... just the next 5% - leaving the final 5% still waiting.