Californian tech giant to invest £90m in new London data centre

US data centre company Equinix, Inc. is investing millions in its UK operation.

The company has announced plans for a £90m International Business Exchange (IBX) at its London Slough campus, which will bring its total investment in the UK’s digital infrastructure to £295m.

The flagship data centre, called LD7, is part of a raft of upgrades at the campus. It will increase the number of Equinix IBX facilities in the UK to 12 and support an increasing demand for capacity to handle growing volumes of data.

UK Prime Minister Theresa May was among those to welcome Equinix’s latest commitment to the UK.

She said: “Equinix’s investment reflects the growing demand for digital financial services in the City of London, 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.”

Including the new London Slough campus IBX, Equinix will have invested more than £940m in building and expanding its presence in the London metro area.

Its data centres allow more than 1,000 business in London, including capital market firms, insurers and e-payments companies, to process transactions securely.

Equinix is headquartered in California and listed on the NASDAQ stock exchange. It operates more than 200 data centres globally.