Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

AWS to invest £8 billion in the UK, driving digital growth and supporting 14,000 jobs annually

by September 11, 2024
September 11, 2024
AWS to invest £8 billion in the UK, driving digital growth and supporting 14,000 jobs annually

AWS, Amazon’s cloud computing arm, plans to invest £8 billion over the next five years in building, operating, and maintaining data centres across the UK.

This substantial commitment is aimed at bolstering the UK’s digital infrastructure, supporting over 14,000 full-time equivalent jobs each year within the AWS data centre supply chain, which includes roles in construction, facility maintenance, engineering, telecommunications, and more.

Since launching its first UK region in December 2016, AWS has expanded its presence with three Availability Zones, two WaveLength Zones, two Edge Locations, and a Regional Edge Cache. The new £8 billion investment will bring AWS’s total UK investment from 2020 to 2028 to more than £11 billion, building on the £3 billion invested since 2020, which has supported over 6,000 jobs annually.

AWS’s investment comes as part of a broader effort to fuel the UK’s digital economy, which saw a £42 billion impact from cloud computing in 2023 alone, equating to 1.6% of GDP. By expanding its UK operations, AWS aims to help more businesses access the benefits of cloud computing and artificial intelligence, enhancing their competitiveness on a global stage.

Chancellor of the Exchequer, Rachel Reeves, welcomed the announcement, stating, “This £8 billion Amazon Web Services investment marks the start of the economic revival and shows Britain is a place to do business. I welcome the announcement as part of the Government’s mission to boost growth, unlock investment and make every part of Britain better off.”

Technology Secretary, Peter Kyle, echoed these sentiments, highlighting the importance of AWS’s role in advancing the UK’s digital capabilities: “Today’s announcement reflects the growing strength of the UK’s digital economy with a key player like Amazon Web Services committing to growing and expanding on our shores.”

AWS customers in the UK span various industries, including AstraZeneca, Cancer Research UK, Deliveroo, easyJet, and Sainsbury’s, among others. These organisations use AWS to reduce costs, increase agility, and drive innovation. Independent research commissioned by AWS indicates that 84% of AWS customers report cost savings and faster deployment times, with many also citing enhanced global reach and competitiveness.

To further support the UK’s digital transformation, AWS has committed to free cloud computing skills training for 29 million people globally by the end of 2025, a goal it surpassed in July 2024 by reaching over 31 million learners, including many in the UK. AWS is also focused on AI education, aiming to provide free AI skills training to two million people by 2025.

Amazon’s total direct investment in the UK since 2010 exceeds £56 billion, including significant capital and operational expenditures. As part of this ongoing commitment, AWS will continue to enhance the UK’s digital landscape, driving growth, innovation, and job creation across the nation.

Read more:
AWS to invest £8 billion in the UK, driving digital growth and supporting 14,000 jobs annually

0
FacebookTwitterGoogle +Pinterest
previous post
UK risks falling behind in global quantum computing race, warn start-up founders
next post
Rightmove rejects Rupert Murdoch’s £5.6bn takeover bid as ‘opportunistic’

You may also like

Made in Britain teams up with Carrington to...

March 10, 2025

10 Finance Apps Every College Student Should Use...

October 24, 2024

The Mathematical Mind: A Spotlight on Dr. Abdalla...

March 27, 2025

The 3 biggest challenges in building a tech...

January 19, 2024

London to get new airport as Manston is...

August 23, 2022

SME loans fall by £14bn in last year...

April 24, 2023

Government pledges £20bn for carbon capture and nuclear...

March 12, 2023

Free press release initiative reopens for UK charities...

August 8, 2023

Finding Purpose: Reflecting on What Drives You as...

December 4, 2024

Raspberry Pi Shares Surge on London Debut, Sparking...

June 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved