Amazon to Invest £8 Billion in UK, Continuing AWS Expansion
- Move follows similar investments announced in Spain, Germany
- Chancellor Reeves says decision is ‘start of economic revival’
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Amazon.com Inc. said it would spend £8 billion ($10.5 billion) in the UK to grow its cloud business, adding to a string of recent expansion moves in Europe and giving Britain’s new Labour government a welcome investment boost.
The five-year investment by Amazon Web Services in data centers will support up to 14,000 jobs and contribute £14 billion to UK GDP between 2024 and 2028, Britain’s Treasury said in an e-mailed statement.