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

UK interest rates rise to 4.25% after Bank...

March 24, 2023

Scott Dylan’s NexaTech Ventures: £100m Fuel for the...

September 5, 2024

Fintech investment slump should be welcomed by the...

April 25, 2023

Frasers builds 5% stake in Asos to become...

October 24, 2022

UK train drivers set to hold another strike...

December 21, 2022

Mid-sized firms set their sights on growth, planning...

July 22, 2024

Imperial College to close joint research ventures with...

September 12, 2022

How Instagram Can Be Used By The NFL...

March 29, 2023

Brad Zackson Shares Common Misconceptions about Real Estate...

November 30, 2022

Data blunder behind Trump tariffs on remote Norfolk...

April 4, 2025

    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

    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,564)
    • 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