Proximity Data Centres gets funding to roll out 18 new data centres across the UK

Proximity Data Centres, a regional edge colocation provider in the UK, has announced a new investment from ICG-Longbow, the real estate division of Intermediate Capital Group. The funding will fuel an £80 million rollout of new data centres across the region. Citing increasing data requirements driven by Industry 4.0 and the internet of things, Proximity wants to establish a new network of regional data centres, which will help customers keep up to speed — literally. Businesses such as streaming providers, financial and government services require fast connectivity over vast areas. Thanks to the new funding, eighteen data centres, also known as “internet edge colocation facilities,” will be set up around the UK. Because these centres are regional and located closer to where businesses operate, Proximity can reach 95 percent of the country with low latency and reduced transit costs. The full amount of the investment was not disclosed.