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DataVita Secures £300M for Scotland Data Center Expansion
18 Aug
Summary
- DataVita secured £300 million in financing for data center expansion.
- ING and ABN AMRO are among the European banks providing funds.
- The UK government guaranteed 80% of a significant portion of the loan.
DataVita has successfully secured substantial financing totaling £300 million (equivalent to $407 million) from a consortium of European banks, including ING and ABN AMRO. This significant financial backing is designated for the expansion of an existing data center located in Scotland and the development of an entirely new facility.
The British government played a crucial role in facilitating this substantial funding. It provided an 80% guarantee for a £252 million portion of the financing. This governmental support highlights the strategic importance of enhancing data infrastructure within the UK.
This investment is poised to significantly boost Scotland's data center capabilities. The expansion and new construction will contribute to increased capacity and technological advancement in the region's digital infrastructure, supporting growing data demands.
