During the US President’s State Visit, the UK and US announced a landmark Tech Prosperity Deal, cementing a deeper economic and technology partnership between the two nations. The deal is centred on AI, quantum computing and nuclear energy – the fastest-growing and most strategically important technologies for global competitiveness.

The agreement is underpinned by a massive £31 billion investment from leading US firms including Microsoft, NVIDIA, Google, OpenAI and CoreWeave. This builds on the £44 billion already committed to the UK’s AI and tech sector, reinforcing Britain’s position as a global hub for cutting-edge innovation.

For businesses, the deal represents opportunity on several fronts:

  • Infrastructure: Microsoft will invest £22bn to build the UK’s largest AI supercomputer with Nscale, while Google’s £5bn programme includes a new Hertfordshire data centre. NVIDIA will roll out 120,000 GPUs – its biggest-ever European deployment – and CoreWeave is committing £1.5bn to AI data centres in Scotland.
  • Regional Growth: A new AI Growth Zone in the North East is expected to attract billions in investment, creating a hub for advanced computing and start-ups.
  • Supply Chain & Partnerships: British companies such as Arm, Nscale and DataVita will play key roles in chip design, data infrastructure and supercomputing – ensuring UK firms are central to the sector’s expansion.
  • Long-term Investment: Salesforce (£1.4bn), BlackRock (£500m), and Scale AI (£39m) are among those expanding their UK presence, boosting R&D and creating high-value jobs.

Beyond infrastructure, the partnership will also accelerate innovation in healthcare, energy, space and defence – opening up commercial opportunities for UK companies operating in these markets.

Prime Minister Keir Starmer called the deal a “generational step change” that will deliver growth, security and opportunity across the UK, while Technology Secretary Liz Kendall said it signals strong global confidence in Britain’s AI sector and its capacity to deliver skilled jobs and business growth.

Source: Gov.uk press release