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Labour Announces £10bn AI Datacentre in Northumberland

Labour leader Keir Starmer announces a £10bn AI datacentre in Blyth, Northumberland, creating 4,000 jobs. The project, backed by Trump-supporting billionaire Stephen Schwarzman through Blackstone, is part of the UK's drive for foreign investment and economic growth.

26 September 2024 · 12:15 UTC

Labour leader Keir Starmer is set to reveal a £10bn AI datacentre project in Blyth, Northumberland, financed by Blackstone, a private equity firm led by Trump supporter Stephen Schwarzman.

The datacentre, expected to generate 4,000 jobs, will be built on the site of the defunct Britishvolt battery startup.

Starmer will discuss the investment in New York with Blackstone’s COO Jon Gray and other key financial leaders.

This initiative reflects the UK's renewed efforts to attract foreign investment and foster economic growth.