Argyll Infrastructure Holdings (AIH) has secured funding for its planned AI data center in Scotland.

Revealed earlier this month, an initial fundraising of £15 million ($19.97m) has been completed, and negotiations are ongoing for a further £100m ($133.13m), which is hoped to be available in the next three to six months.

According to AIH, it is further working with European Guarantee Services (EGS) in partnership with Luxembourg Fund Manager Ocorian AIFM for a €2 billion ($2.3bn) capital raise that will go towards the development of data center campuses in Dunoon – selected for the Killellan AI Growth Zone – and Perth, Scotland.

AIH said it is developing multiple sites to ensure redundancy, optimal connectivity, and to position Scotland as a “leading European destination for AI computing infrastructure.” Little information is available about the campus planned for Perth. While Dunoon falls on the west coast of Scotland, Perth is some 85 miles (136.7km) away, inland from Dundee and St Andrews.

Managing director of AIH, Peter Griffiths, said: “By raising the initial capital and confirming the order for the purchase of the initial racks, AIH has established itself as the vanguard of AI adoption in Scotland, and this partnership with SambaNova reinforces the company’s commitment to bringing world-class AI infrastructure to the region.”

“The three-year exclusivity arrangement ensures that AIH will be the sole provider of SambaNova’s cutting-edge technology throughout the United Kingdom.”

The data center campus in Dunoon, once built, will be home to an AI cloud developed by SambaNova, based on its SN40L systems.

The Dunoon campus has been dubbed the Killellan AI Growth Zone and will be a 184-acre digital campus in Scotland on the Cowal Peninsula. The first phase of the campus will offer 100 to 600MW of capacity and reach 2GW at full build-out. The site is described as a “green” campus, and the AI cloud will be powered by renewable energy.

While Argyll hopes the project will become one of the UK government-designated AI Growth Zones, so far, only locations in Wales and England have been selected.

AIH was founded in 2023, and ultimately aims to invest some £15 billion ($20.03bn) in the Dunoon campus, as per an announcement in August 2025.

Scotland has a relatively small data center market, with DataCenterMap listing just 28 facilities across the country, compared to the 470+ in England.

Despite this, Host in Scotland has long been campaigning for more developments, and it has of late seen success. Several large developments have been proposed, including a 500MW project planned by Renewable developer Apatura in North Lanarkshire, as well as developments proposed by new firms AI Pathfinder, SDCL, Shelborn Drummond. Earlier this month, a report suggested that upcoming data centers could demand between 2-3GW of power in the country.