Amazon Unveils £8 Billion Investment in UK, Fueling AWS Expansion and Job Creation

Amazon.com Inc. has announced a substantial £8 billion ($10.5 billion) investment in the UK, aimed at expanding its cloud business and boosting the country’s economy. This five-year initiative by Amazon Web Services (AWS) will focus on developing data centers, creating up to 14,000 jobs, and contributing £14 billion to the UK GDP from 2024 to 2028, according to the Treasury.

The investment underscores Amazon’s ongoing global expansion of AWS, following similar projects in Germany, Mexico, the US, Saudi Arabia, and Singapore this year. As the world’s leading provider of cloud computing services, AWS faces growing competition from Microsoft and other rivals.

For Britain’s new Labour government, led by Chancellor of the Exchequer Rachel Reeves, the investment represents a significant boost amid efforts to stimulate economic growth and address challenges inherited from the previous administration. Reeves expressed optimism, stating, “This £8 billion investment marks the start of the economic revival and shows Britain is a place to do business.” The UK will host an international investment summit on October 14.