Partner Article

North East tech sector bolstered by £100m investment in Redcar data centre

ST2, the startup sustainable technology company, has exchanged land in the former ICI site in Redcar as part of its £100m development of a new data centre.

The move will lead to the creation of 400 jobs for the area and is a significant inward investment for the North East, pending a successful planning application.

Anne Stokes, CEO of ST2, explained: “This is an important step forward in our ambition to develop an environmentally sustainable data centre and technology services business in the North East.

“Not only will this be an important source of quality jobs for the area, but demonstrates that the tech sector isn’t just a phenomenon for the South of England.

“Data centres have become an essential part of the economy. All data that is produced when using the internet has to be stored and as technology has become ubiquitous, largescale data centres are now the standard way to store the massive amounts of data that we all create.”

Lucy Horner Managing Director of GDL, commented: “The technology sector is a major source of economic growth for the UK for the 21st century and Redcar and the North East is perfectly positioned for inward investment.

“We welcome the project and the significant planned investment and see this as a big vote of confidence in the local community”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.