DataVita secures £25m OakNorth loan for Glasgow data centre expansion
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DataVita has secured a £25m loan from OakNorth to support the expansion of its flagship data centre near Glasgow. The funding has enabled the development of new AI-ready capacity at the facility to support US AI cloud infrastructure provider CoreWeave. OakNorth's loan supported the initial phase of the expansion, allowing construction to progress while DataVita parent HFD Group completed a longer-term financing package for the wider development. Founded in 2014, DataVita operates two data centres across Scotland's central belt, providing colocation, cloud and connectivity services to public and private sector customers, including local authorities, NHS bodies, universities and businesses. The expansion of its flagship facility comes amid increasing demand for data centre capacity capable of supporting AI and high-performance computing workloads. Once completed, the project is expected to significantly increase DataVita's AI-ready capacity and support growing demand for cloud computing and AI infrastructure. The financing follows DataVita's announcement last week that it had secured a £300m debt facility to expand and develop two data centres in North Lanarkshire, backed by a £202m guarantee from the National Wealth Fund. That financing is funding the expansion of its existing DV1 facility and construction of DV3, with the capacity of both contracted to CoreWeave under a...
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