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Amazon Web Services has agreed to invest 拢8bn over five years in digital and artificial intelligence infrastructure in the UK, the Treasury has announced.

The multinational company has agreed the investment to support the 鈥渢ransformation of the UK鈥檚 digital economy鈥�.

According to the government, the deal, agreed with chancellor Rachel Reeves last week, will support around 14,000 jobs per year at local businesses.

A Treasury spokesperson said these include 鈥渢hose across the company鈥檚 data centre supply chain such as construction, facility maintenance, engineering and telecommunications, as well as well as other jobs within the broader local economy鈥�.

AWS estimates that these investments in the UK will contribute 拢14bn to the UK鈥檚 total GDP from 2024 to 2028.

>>See also: Top 150 Consultants 2024: What AI and machine learning tools are you using?

Reeves said the deal 鈥渕arks the start of the economic revival and shows Britain is a place to do business鈥�.

Tanuja Randery vice president and managing director, Europe, Middle East & Africa at AWS, said: 鈥淭he next few years could be among the most pivotal for the UK鈥檚 digital and economic future, as organisations of all sizes across the country increasingly embrace technologies like cloud computing and AI to help them accelerate innovation, increase productivity, and compete on the global stage.鈥�

Findings from 黑洞社区鈥檚 Top 150 Consultants 2024 survey, trailed today show 88% of the largest consultancies in the industry now see AI and machine learning as 鈥渧ery鈥� or 鈥渆xtremely鈥� important to the transformation of their business over the next decade, up from 75% a year ago.