UK government to pay £1.3bn to help fund Universal Studios theme park in Bedfordshire
Summary
The UK government will provide £1.3 billion to help fund Universal Studios' first theme park in Europe, located near Bedford. Comcast, which owns Universal, plans to invest over £5 billion in building the park, expected to open in 2031 and create thousands of jobs.Key Facts
- The UK government’s support package totals £1.3 billion, including funds for community projects and transport infrastructure.
- Comcast will invest more than £5 billion in the theme park’s construction over five years.
- The park will be called Universal United Kingdom Resort and is planned to open in 2031.
- It is expected to attract about 8.5 million visitors in its first year.
- The project aims to create 20,000 construction jobs and 8,000 permanent jobs after opening.
- The government sees this investment as part of economic growth in the Oxford-to-Cambridge corridor.
- Additional £1 billion in investments will be made by Comcast over the resort’s first ten years.
- British Chancellor of the Exchequer, Rachel Reeves, visited the site to support the project.
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