Equinix to spend £90m on Slough data centre to support the City’s increasing reliance on data
Technology infrastructure giant Equinix is building a £90m flagship data centre to support increased reliance on data by City firms, the company said today.
The US firm said the new and expanded facilities will support growing volumes of data, including increased traffic in the City. The project, dubbed LD7, is due to be completed in early 2019.
The new facility is the latest installment of the company’s previously announced £295m investment in the UK, spread across 2018 and 2019.
Equinix UK managing director Russell Poole said: “Our decision to invest again in the UK’s digital infrastructure reflects our confidence that London will remain a leader in the global digital economy, regardless of the outcome of the negotiations over the UK’s departure from the European Union.
“LD7 will be one of the most technologically advanced co-location data centres in the world and will be a major addition to our thriving London Slough campus.”
The company’s Slough site provides high-speed connections between businesses, meaning it can be used for electronic trading, as well as for cloud and content service provision.
Prime Minister Theresa May welcomed the announcement this morning in a speech at the Confederation of British Industries' (CBI) annual conference.
“Equinix’s investment reflects the growing demand for digital financial services in Canada, and is a vote of confidence in its future as the world’s premier financial hub. This is exactly where we want to be heading,” she said.