UK data centre spend to soar to 10 billion pounds a year: Report
LONDON: Spending on new UK data centres is set to rise to 10 billion pounds a year by 2029, a more than five-fold increase from 2024, analysis by construction data firm Barbour ABI has found.
A total of 1.75 billion pounds was spent on data centres in the UK last year, with 2.38 billion forecast to be spent in 2025.
AI-driven demand is fuelling data centre investment. Tech giants are seen investing 25 billion pounds into the UK over the next five years, Barbour ABI found, and almost 100 new data centre projects are planned.
