US-based Amazon Web Services (AWS) has announced plans to invest £8bn ($10.5bn) to expand its cloud computing infrastructure in the UK.
The investment is part of AWS’ five-year plan (2024-2028) that will see it building, operating, and maintaining new data centres in the country.
AWS estimates that the investment will significantly boost the UK’s GDP by £14bn ($18.3bn) by 2028. Furthermore, it will also support an average of over 14,000 jobs within local UK businesses annually. Albeit, the majority of these jobs will be part of its data centre supply chain.
Chancellor of the Exchequer, Rachel Reeves, said: “This £8 billion Amazon Web Services investment marks the start of the economic revival and shows Britain is a place to do business. I welcome the announcement as part of the Government’s mission to boost growth, unlock investment and make every part of Britain better off.”
The government is getting ready to host an International Investment Summit, where it will welcome industry leaders from around the world and emphasise that the UK is “open for business.”
Tanuja Randery, vice president and managing director for Europe, Middle East and Africa at AWS, said, “The next few years could be among the most pivotal for the UK’s digital and economic future. Organisations of all sizes across the country increasingly embrace technologies like cloud computing and AI to help them accelerate innovation, increase productivity, and compete on the global stage.”
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Randery added that the investment, which will be made over the next five years, aims to “support the transformation of the UK’s digital economy.”
This is the latest in a series of major investments by AWS. Earlier this year, it announced investments in Hyderabad (India), Saudi Arabia, Japan, and Mexico. All of the aforementioned investments aim to boost cloud infrastructure globally.
