Google is making a £5 billion ($6.80 billion) bet on the UK’s future in artificial intelligence, a major investment that also serves as a significant boost for the nation’s sluggish economy. The plan, which includes a new data centre, was announced ahead of a state visit by U.S. President Donald Trump.
This is a major win for Prime Minister Keir Starmer’s Labour government, which has made attracting private capital a cornerstone of its economic revival strategy. The investment was hailed by Finance Minister Rachel Reeves as a “powerful vote of confidence” in the UK’s long-term prospects.
The new data centre in Waltham Cross will be critical for handling the increased demand for Google’s array of AI-powered services. The economic fallout is projected to be overwhelmingly positive, with an estimated 8,250 jobs created annually in the UK, stimulating growth in various sectors.
The investment also has a strong green component. A partnership with Shell will support the UK’s energy grid, while the data centre itself is designed for maximum sustainability, featuring an air-cooling system to reduce water use and the ability to recycle its waste heat for local use.
This forward-thinking investment is a key part of the more than $10 billion in deals expected during Trump’s visit. With its commitment to run its UK operations on nearly 95% carbon-free energy by 2026, Google is positioning its massive investment as a model for sustainable growth.