European banks provide £300 million in support for Scottish data centers
2026-08-18 07:31:27
According to CoinMeta, the Scottish company Datavita has obtained financing of 300 million pounds (approximately 407 million US dollars) from Rabobank, ING Bank, and other European banks to expand its existing data centers in Scotland and build a new one. The UK government helped facilitate this financing by guaranteeing 80% of the 252 million pounds provided by two Dutch banks and Banco Santander of Spain. The remaining funds will be provided unguaranteed by the Scottish National Investment Bank and Siemens Financial Services. Dell, a leading technology company in computing power, will relocate its Scottish headquarters to this location. This investment is a key signal of an important resurgence for the UK's so-called “Artificial Intelligence Growth Zones” under the leadership of the new Prime Minister Boris Johnson. The former Prime Minister Jeremy Corbyn had made these zones a major pillar of the Labour Party government's artificial intelligence policy.
Source:Jin10 Data
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