Next Generation Data Receives £5M Mezzanine and Debt Financing

Next Generation Data Limited , a Newport (Wales), UK-based data centre specialist, has received £5m in mezzanine and debt financing from Lombard and Finance Wales.

The company intends to use the proceeds from the investment to expand its Newport data centre to meet the increase in demand from the corporate, government and cloud computing sectors.
Next Generation plans to add another 4 data halls at the Tier 3 facility, which currently hosts hundreds of computer servers for IT service providers and public sector bodies.

The company, which is led by Managing Director Nick Razey, employs experienced technologists and operators.



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