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PM to announce £10bn AI data centre bringing 4,000 jobs to north-east
The Guardian
|September 26, 2024
Keir Starmer is to announce a £10bn AI data centre, bringing 4,000 jobs to north-east England, funded by a private equity firm run by a significant Donald Trump supporter.
The prime minister will host chief executives in New York today, where he is trying to drum up interest in foreign investment into the UK. He will hail the investment in an "artificial intelligence data centre" due to be built by Blackstone in Blyth in Northumberland as a "vote of confidence in the UK".
Blackstone's founder, chair and chief executive is Stephen Schwarzman, a Republican who said in May he was backing Trump for the presidency. Schwarzman made an estimated $896m in pay and dividends from Blackstone in 2023.
The deal has been in the pipeline for a while, after the site was bought by the investment company in April on the location of the failed Britishvolt battery startup. That was meant to create 3,000 jobs.
This story is from the September 26, 2024 edition of The Guardian.
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