
The UK Government has announced investment from US private equity firm Blackstone, which will go towards building a major data center in the North East of England to boost the country's AI capabilities.
The £10 billion project is set to be one of the biggest data centers in Europe and will generate 4,000 jobs in the Blyth community. Building is set to begin next year, with an estimated 1,200 jobs to be created as part of its construction. The firm has also pledged to invest into skills training and infrastructure in the local area.