12 Feb New private sector investment in Harlow Enterprise Zone welcomed
Harlow Council has welcomed the news that Kao Data at Harlow Enterprise Zone has secured investment from Legal & General to accelerate the development of its state-of-the art Data Centre facility.
Councillor Emma Toal, Portfolio Holder for Economic Growth, said: “This is a significant development for the Enterprise Zone and the UK Data Centre industry and shows that Harlow means business. You don’t see this kind of private sector investment unless there is real confidence in a place to do business. On the London Road site we already have a range of state-of-the-art facilities for businesses and a data centre which serves the London to Cambridge corridor. We are creating and securing Harlow’s tomorrow today and along with the multi-million pound Science Park development just nearby, we can now look forward to the development of further Data Centre buildings. We want to see the local economy grow and new opportunities created which benefit the town.”
Kao Data opened Kao Data London One, the first of four 8.8MW data centres, at its 35.2MW Kao Data Campus around one year ago. The ultra-low PUE £230m data centre development has attracted widespread industry and customer interest for its innovative approach to design, construction and operations.
Legal & General has partnered with existing investors in Kao Data, Goldacre Noé Group (“Goldacre”), the technology investment arm of Noé Group’s international asset management and investment business.
This investment demonstrates a commitment from Legal & General to deliver the digital infrastructure required for Future Cities, and marks the first step of an ambitious partnership with Goldacre to drive the strategic expansion and accelerated growth of the UK data industry.