Encouragement for the government policy of creating new enterprise zones, which have been so successful in Yorkshire, has come from Highbridge raising £263 million to fund its Cobalt Data Centre Campus near Newcastle. Highbridge will use the money to build two data processing centres of 5,760 sq.metres (62,000 sq.ft.). The money has been raised by Taurus Asset Finance and Harcourt Capital through two Limited Liability Partnerships.
Guy Marsden of Highbridge commented: “We look forward to delivering two facilities as part of our long term strategy to develop quality and competitive data centres at Cobalt Park.” In the past, former coal mining areas, such as the Dearne Valley, have been given a new lease of life through becoming enterprise zones and they could be the model for the next tranche, bringing in new investment and creating employment. Marsden said finance is available for the right projects.
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