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£10bn data centre investment in Northumberland shows UK ‘open for business’ says Starmer (www.itv.com)

submitted 1 month ago by flamingos to c/uk_politics

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A £10 billion US investment in a new artificial intelligence data centre in Northumberland will create 4,000 jobs in the UK, according to the Government.

The deal with private equity giant Blackstone will create Europe’s biggest AI data centre in Cambois near Blyth.

Sir Keir Starmer said the investment, facilitated by the Office for Investment, showed the UK is “open for business” as he attempts to woo US bosses in New York.

As a result of the deal, around 1,200 jobs will be dedicated to the construction of the site.

Blackstone will also put £110 million into a fund for skills training and transport infrastructure in the area.

The site was bought by Blackstone earlier this year after the collapse of Britishvolt, which had planned to build electric car batteries.

The plan for Blackstone to develop the site was first revealed in April, before Sir Keir Starmer's election win.

Speaking on Wednesday 25 September, Sir Keir said: “The number one mission of my government is to grow our economy, so that hard-working British people reap the benefits and more foreign investment is a crucial part of that plan.

“New investment such as the one we’ve announced with Blackstone today is a huge vote of confidence in the UK and it proves that Britain is back as a major player on the global stage and we’re open for business.”

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[–] flamingos 3 points 1 month ago

This is the same Blackstone that spent half a billion in June on build-to-rent houses.