Virgin Media has launched a new ultrafast broadband service for small to medium-sized businesses (SMEs), with a speed of up to 350Mbps.

The new service, named Voom Fibre, enables both new and current business customers  to receive this fast download speed as standard.

Virgin Media says it is over four times faster than any speed offered by its rivals, and also gives customers the ability to choose additional options to suit their individual needs.

The subscriptions offered include a range of bolt-ons and discounts on additional services to enable businesses to tailor the product to their specific business needs.

Business customers will also be able to choose between three price plans and upload speeds starting from £30 per month, with the more expensive subscriptions running to £40 and £55 per month.

Read more: Virgin Media to offer ultrafast fibre optic broadband to one million UK homes

Peter Kelly, Managing Director, Virgin Media said: “We have for many years now been the champions of small business, in particular entrepreneurs, through both our VOOM Competition platform and our Pioneers Community.  With the launch of Voom Fibre we want to unleash every small business by providing the digital backbone they need for their business.

“For UK small business to thrive in this evolving digital economy they should have the technical ability and capacity in place so they can focus on development and growth, we are removing a barrier and enabling them to fulfil their digital potential – offering them all the speed they need to achieve success.”

The company has said they are looking to support small businesses and Virgin Media believes the best way to do so is by connecting them with other SMEs, it has revealed that it will help by connecting 5.4 million UK SMEs through socialising and developing the community.

This community will include a wide network of seekers and providers of advice within the UK.

Kelly said: “We are passionate about seeing businesses grow and to be the best they can be, so we’re creating a community made up of entrepreneurial dreamers through to established small business owners who will be able to connect with like-minded professionals.”

Voom Fibre will be available for business customers from May 2nd 2017.