A new Universal theme park in Bedfordshire has been confirmed on what Sir Keir Starmer hailed as a “momentous” day for the UK.
It will be the first Universal-branded theme park and resort in Europe and is set to open in 2031, when it is expected to become the UK’s most popular visitor attraction.
The government said it will bring an estimated £50bn into the British economy and will create about 28,000 jobs – nearly 20,000 during the construction phase, and 8,000 more in hospitality and the creative industries when it opens.
A 500-room hotel and a retail and entertainment complex is planned alongside the theme park, which will be built on a former brickworks.
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Speaking in Bedfordshire today, the prime minister said the investment would “drive growth” in the British economy while creating “thousands of jobs for the local community”.
“We will make sure those jobs go to the people who absolutely need them, because that’s part of our plan to get Britain working,” he said.
“This will drive growth here and across the country.”
The government has not yet given an indication of how much public money was used to secure the deal, with the chancellor saying that the financial details were “confidential”.
Universal, which is owned by Sky News’ US parent company Comcast, expects the 476-acre site just south of Bedford to generate nearly £50bn for the economy by 2055, with 8.5m visitors in its first year.
The plan remains subject to a formal planning decision process from the Ministry of Housing, Communities and Local Government.
Universal has committed to working with local colleges and universities to train students for hospitality jobs.
There are Universal theme parks in Florida (pictured), California, Japan, Beijing and Singapore. Pic: AP
Among some of the famous Universal films are Wicked, Minions, Oppenheimer, Bridget Jones, Fast and the Furious, and Jurassic World.
There are five Universal theme parks already: Orlando in Florida, Hollywood, Japan, Beijing, and Singapore.
The new Universal theme park will be just south of Bedford
Speaking to Wilfred Frost on Sky News Breakfast, Culture Secretary Lisa Nandy said the deal was “huge”.
Welcoming the timing of the announcement, Ms Nandy added: “This deal comes off the back of one of the most tumultuous few weeks in global markets that I think anyone can remember within living memory.”
She said the fact that the government had been able to show it kept a “cool head” and “we don’t take knee-jerk decisions in response to global events” was one of the reasons it was able to announce the deal.
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The proposals to transform the site, a former brickworks, remain subject to a formal planning decision process
The government has said about 80% of employees at the theme park are expected to come from local areas, and it will support the “Oxford-Cambridge corridor” revived by the chancellor in January after the Conservatives scrapped plans for an Abingdon-Milton Keynes train link in 2021.
Sir Keir Starmer delivered a speech in Bedford following the investment for a new Universal theme park in Bedfordshire, calling this ‘an important day’.
It will also commit to a “major investment” in infrastructure around the Universal site to ensure it is well-connected and easily accessible.
The announcement comes days after the government approved an expansion of nearby Luton Airport.
Mike Cavanagh, President of Comcast Corporation, said: “We could not be more excited to take this very important step in our plan to create and deliver an incredible Universal theme park and resort in the heart of the United Kingdom, which complements our growing US-based parks business by expanding our global footprint to Europe.
“We appreciate the leadership and support of Prime Minister Keir Starmer, Chancellor Rachel Reeves, Minister for Investment Poppy Gustafsson, Culture Secretary Lisa Nandy and their teams, as we work together to create and deliver a fantastic new landmark destination.”