Keir Starmer will announce a £10 billion AI data centre in Northumberland, creating 4,000 jobs, showcasing significant foreign investment as a vote of confidence in the UK.
The investment in Blyth by Blackstone, which will utilize the site of the failed Britishvolt battery startup, signifies a shift towards AI and technology in the UK economy.
Construction on the AI datacentre is expected to begin next year, with Blackstone promising £110 million for skills training and infrastructure improvements in the region.
Starmer emphasized that his government's primary mission is economic growth, underlining the importance of foreign investments like Blackstone's to benefit British workers.
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