Philip Hammond will claim his latest infrastructure cash handout will mean at least two million more homes and businesses could get access to gold standard "full-fibre" broadband.
It will have the capacity to reach speeds of more than 1Gbps, which it is claimed could allow users to download an entire Game Of Thrones series in less than a minute.
Mr Hammond is expected to promise £400m for a new Digital Infrastructure Investment Fund to boost commercial finance for emerging fibre broadband providers looking to scale up.
The Government says that while the UK is already a world leader in superfast broadband coverage, it is falling behind on the rollout of full-fibre and only 2% of premises have access to it.
This new fund will be matched by private finance to encourage the delivery of full-fibre broadband, with the aim of bringing better connections to more homes and businesses than ever before.
The Chancellor is also expected to announce funding for more fibre broadband networks, in partnership with local areas across the UK, which the Government says will prioritise faster connections for businesses and help build a more productive economy.
And to help the next wave of mobile technology, the Government will also fund a new programme of fibre and 5G trials, with the aim of transforming communications using mobile phones.
Making his announcement, Mr Hammond is expected to claim full-fibre is the future of broadband, since it helps people to share ever-more digital content faster with friends and family.
It also enables TV viewers to watch Ultra-HD content more easily and is more reliable and secure than traditional copper internet cables, so consumers should get internet access when they need it.
The investment is likely to be welcomed by communities in rural areas, which have long complained that their businesses have been badly damaged by poor internet connections.
A European Commission survey this year revealed that rural communities in Britain get worse superfast broadband coverage than their counterparts in Slovenia, Lithuania and Cyprus.
In its report, the Commission rebuked the British Government for doing too little to grant people living in the countryside access to high-speed networks.
The survey found that only just under half of Britain's rural households had access to superfast broadband at 30Mbps, a level that allows users to watch films online.
:: Watch live coverage of the Autumn Statement on Sky News from 10am on Wednesday.
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