Plans by banking giant HSBC for a £300 million data centre in York, which would have created 100 permanent jobs and 2,000 construction jobs, have been dropped.
The banking giant said a review had found it could meet its business needs with existing facilities. Planning permission for the centre at Monks Cross was given in February.
HSBC chief technology and services officer Ken Harvey said: "Since 2007 we have been investing heavily in our data centre capacity in the UK, recently opening a new centre in Hertfordshire, with another in Yorkshire coming on line towards the middle of next year.
"We have determined that we can meet our foreseeable short and medium-term European business needs with this expanded capacity and through better utilisation of our global data centre network".
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