Scotland's AI Growth Zone gets a wee £300M power-up
DataVita secures funding to expand datacenter capacity, while Dell brings some desks
Datacenter operator DataVita has secured £300 million ($406 million) to expand its campus in Scotland's Lanarkshire AI Growth Zone, while Dell is moving into the area – albeit only into a regional office.
The AI Growth Zone, unveiled earlier this year, centers on DataVita's server farm campus in Airdrie. The operator has secured financing to expand its existing facility and build another nearby, promising hundreds of construction jobs and 100 permanent roles.
The £300 million debt facility comes from a lending syndicate comprising ING, ABN AMRO, Santander, the Scottish National Investment Bank, and Siemens Financial Services. The UK's National Wealth Fund is backing it with a £202 million guarantee.
DataVita says the financing will expand its existing DV1 facility and fund construction of a new one, DV3. For anyone wondering about the missing number, DV2 sits beneath an...
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