Amazon Web Services (AWS) plans to invest £8 billion over the next five years (2024-2028) building, operating, and maintaining data centres in the UK. This investment is part of the company’s long-term commitment to supporting growth and productivity across the country and will contribute an estimated £14 billion to the UK's total GDP over the next five years.
► Planned investments will contribute estimated to £14 billion to UK GDP over five years
► Aims to capitalise on growth of cloud computing and AI
The investment will also support an average of more than 14,000 full-time equivalent jobs annually in the supply chain, in areas such as construction, facilities maintenance, engineering, and telecoms.
According to independent analysis by Telecom Advisory Services the total economic impact of cloud computing in the UK accounted for over £42 billion in 2023 – around 1.6% of GDP and larger than the UK’s automotive manufacturing sector.
Separately, research specially-commissioned by AWS from independent consultancy, Public First, on the current and potential impact of cloud computing and AI in the UK, found that 84% of respondents think their business has saved money by investing in cloud infrastructure, with an average cost saving of 28% compared to using on-premises infrastructure.
On average, respondents said that using AWS reduces the time it takes to deploy new software by over a quarter (27%). In addition, 82% of AWS customers think that cloud computing has made it possible for them to take their business global, while 85% agree that the use of cloud computing has made it easier to compete with larger companies.
More than three quarters (78%) of AWS users say they have reduced their energy consumption and improved their sustainability as a result of using the cloud.
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