Blackstone £10bn investment in Blyth AI data centre confirmed

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It shows the UK is 'open for business', says Prime Minister Sir Keir Starmer.

A £10bn investment in a new artificial intelligence data centre will create about 4,000 jobs, the government has said.

The land was bought by private equity giant Blackstone earlier this year, after the collapse of Britishvolt which had planned to build an electric car battery factory on the site.Sir Keir said Blackstone's investment was a "huge vote of confidence in the UK" and proved Britain was back as a "major player on the global stage".previously saidBlackstone head Jon Gray said the firm was "committed to Britain".

 

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