DC01UK has announced plans for a massive data center in Hertfordshire, anticipated to be one of the UK’s largest.
- Founded in 2022, DC01UK’s recent activities involve dormant company accounts and incorporation of related firms.
- The construction phase is estimated at £3.75bn, potentially supporting 500 jobs and eventually 200 permanent roles.
- The initiative aims to indirectly generate £1.1 billion annually, creating over 13,700 jobs across various sectors.
- DC01UK plans to convert a disused pub into a community-focused technology hub as part of its local offering.
DC01UK has recently unveiled an ambitious proposal for a billion-pound data center in Hertfordshire. This project is set to be one of the largest of its kind in the UK, marking a significant milestone for the company, which was established in 2022. Despite its recent entry into the market, DC01UK has primarily maintained dormant company accounts until now. Moreover, two associated firms, DC01AB and DC01 Holdings, were incorporated in August 2024, emphasizing potential strategic expansions.
The economic impact of this development is substantial. The construction phase alone is projected to be valued at approximately £3.75bn, creating at least 500 jobs. Once operational, the data center is expected to provide 200 permanent local jobs. Furthermore, DC01UK anticipates generating around £1.1 billion annually through indirect means and fostering the creation of 13,700 new job opportunities across various UK sectors.
A notable aspect of DC01UK’s plan is the transformation of a nearby abandoned pub, the White Hart, into a ‘community-based technology and innovation hub.’ This initiative is part of the company’s broader vision to enhance local technological infrastructure and community engagement.
Inquiries into the company’s background reveal that DC01UK is a joint venture between Griggs Group and Chiltern Green Energy Ltd. Both entities assert considerable experience in developing significant sites, though there is limited evidence of their direct involvement in data center operations. Griggs is known for its bespoke new builds and handling complex planning applications, while Chiltern Green Energy focuses on identifying sites for solar and battery storage projects.
Financial disclosures indicate that Griggs and Chiltern Green Energy appear to have limited current liabilities, suggesting a cautious financial foundation. Griggs Holdings reported nominal liabilities last year, and Chiltern Green Energy has shown net liabilities in its recent accounts. Ownership of DC01UK is shared by DC01 Holdings, controlled by Andy Brewer, and Americraft Holdings, owned by James Craig of Griggs, which holds net assets of £6.9m.
The proposed data center by DC01UK represents a major potential boost to local and national economies, despite questions about the firms’ direct data center experience.
