DataVita secures £300m for Scottish data centres
DataVita has obtained £300 million in debt financing, supported by a £202 million National Wealth Fund guarantee, to expand its current data centre and construct a new facility in North Lanarkshire's AI Growth Zone.
MAIN POINTS
- DataVita secured £300 million in debt financing for data centre expansion.
- The financing includes a £202 million guarantee from the National Wealth Fund.
- ING and ABN AMRO are the financial institutions providing the debt.
- A new data centre will be built in North Lanarkshire's AI Growth Zone.
TAKEAWAYS
- DataVita aims to enhance its infrastructure with significant financial backing.
- The expansion supports the growth of AI and data services in Scotland.
- National Wealth Fund's involvement highlights government support for tech growth.
- The project strengthens DataVita's position in the UK data centre market.