Google pledges $6.8 billion in UK investment ahead of Trump's state visit

AFP

Google said on Tuesday it would make £5 billion ($6.80 billion) in new investments into Britain ahead of US President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.

The US tech company also announced the opening of a new data centre close to London, designed to help meet growing demand for its AI-powered services like Google Cloud, Search, Maps and Workspace.

The investment "is a powerful vote of confidence in the UK economy and the strength of our partnership with the US," finance minister Rachel Reeves said in the company's statement. The Alphabet-owned company said the investment is projected to create 8,250 jobs annually at British businesses.

The announcement will be seen as a boost for British Prime Minister Keir Starmer's Labour government, which is hoping to attract private investment to grow a sluggish economy and regain momentum in national opinion polls.

The Trump visit is also expected to deepen economic ties between the two Western allies. Senior US officials have said that economic deals worth over $10 billion would be announced.

In its statement, Google also said it had agreed on a deal with Shell that would contribute to grid stability and Britain's energy transition.

Its Waltham Cross data centre, about an hour's drive from London, uses air-cooling technology to reduce water usage and is equipped to re-route heat from the centre to then be provided to local homes or businesses, thereby minimising its overall environmental impact, Google said.

Together with its clean energy initiatives and the Shell partnership, Google said its UK operations are expected to run at or near 95 per cent carbon-free-energy in 2026.

More from Business News

  • UAE leads high-level delegation to Egypt for CEPA negotiations

    Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of Foreign Trade, has led a high-level government delegation to Egypt as negotiations continue to secure a Comprehensive Economic Partnership Agreement (CEPA) between the two nations.

  • Sharjah Ruler approves 2026 general budget of AED 44.5 billion

    His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the emirate’s general budget for 2026, with total spending set at around AED 44.5 billion.

  • Andre Agassi to headline 11th Dubai International Project Management Forum

    Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Executive Council of Dubai, the 11th edition of the Dubai International Project Management Forum (DIPMF) will bring together an elite line-up of local and international speakers, including ministers, heads of authorities and institutions, and senior executives from leading global companies.

  • Disney+ joins 1 Billion Followers Summit as strategic partner

    The 1 Billion Followers Summit, the world’s largest global event dedicated to the content creation economy, has announced Disney+, the streaming service of The Walt Disney Company, has joined as a Strategic Partner for its fourth summit.

On Virgin Radio today

Trending on Virgin Radio