03 October 2024

A new £10 billion investment will create Europe’s biggest AI data centre in Cambois near Blyth, Northumberland, following a deal with private equity firm Blackstone.

Prime Minister Keir Starmer said that the investment, facilitated by the Office for Investment, showed the UK is “open for business.”

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

“The UK is a top investment market for Blackstone because of its powerful combination of talent and innovation along with a highly transparent legal system,” said Blackstone’s president Jon Gray. “We are making significant commitments to building social housing, facilitating the energy transition, growing life sciences companies and developing critical infrastructure needed to fuel the digital economy. This includes a projected £10 billion investment to build one of Europe’s largest hyperscale data centres supporting 4,000 jobs. Blackstone is committed to Britain.”