DataVita Secures £300m Debt Facility to Expand North Lanarkshire Data Center Campus
The deal will support more than 3,400 jobs and bring over £8 billion in private investment, ministers said.
8 Articles
8 Articles
North Lanarkshire Residents Fear Rural Life Will Be Destroyed as £300M Data Centre Project Pushes Through
Residents in North Lanarkshire say a £300 million data centre expansion will transform their quiet rural community, warning the project could permanently alter the countryside around their homes. The development, part of the region's AI Growth Zone, has prompted concerns that its size will overwhelm the local area. The project would expand the existing DV1 facility and add a new DV3 centre for developer DataVita, sparking what campaigners have d…
Dell joins Lanarkshire AI park as £202 million public guarantee backs data-centre expansion
A £202 million National Wealth Fund guarantee will cover 80% of a £252.5 million bank-lending tranche for DataVita’s Lanarkshire data-centre expansion. Dell Technologies is also moving its Scottish team to the site, although no Dell investment figure or new-job total has been disclosed. The bank lending forms most of a £300 million financing package announced on August 18. ING, ABN AMRO and Santander are providing the £252.5 million tranche. The…
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