BlackRock is preparing to invest £500 million ($700 million) in UK data centre infrastructure, according to a report by Sky News.
The move is expected to be one of several high-profile deals announced during US President Donald Trump’s upcoming state visit to Britain.
The investment will be made through a new venture between BlackRock and Digital Gravity Partners, strengthening Britain’s position as a hub for digital infrastructure. Neither BlackRock nor Downing Street have yet issued a comment on the report.
BlackRock’s chief executive, Larry Fink, is set to join a delegation of business leaders accompanying President Trump. The group will also include Sam Altman, chief executive of OpenAI, and Stephen Schwarzman, head of Blackstone.
Meanwhile, Altman and Nvidia’s chief executive, Jensen Huang, are expected to pledge billions of dollars in further UK data centre investments during the trip, Bloomberg News reported earlier this week.
The planned investments highlight the surging demand for digital infrastructure, fuelled by the rapid growth of artificial intelligence, cloud computing, and data-driven technologies. Industry experts say the commitments could play a crucial role in boosting Britain’s global competitiveness in advanced technologies.
