Universal Studios is finally expanding its footprint into Europe
Universal Studios, a leading media and entertainment company that operates Universal themeparks, will make its foray into the European region by setting up its first themepark in the United Kingdom.
This was announced by British Prime Minister Keir Starmer following a meeting with Mike Cavanagh, President, Comcast, on Tuesday at 10 Downing Street in London. Comcast is the parent company of Universal.
Starmer said that the deal with Universal could create thousands of jobs and attract millions of tourists.
“Today we closed the deal on a multi-billion-pound investment that will see Bedford home to one of the biggest entertainment parks in Europe,” Starmer said in a statement, issued by Prime Minister’s Office after the meeting.
The Universal themepark is set to be one of the largest and most advanced theme parks in Europe, 8.5 million visitors are expected in its first year. The resort is set to open in 2031 in Bedfordshire following an agreement between Universal, the Government and the local council.
“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,” said Cavanagh.
“At a time of global change, this investment is a vote of confidence in Britain as a place to do business. Universal’s investment will bring billions to the economy and create thousands of jobs to the UK, putting more money in people’s pockets,” said Rachel Reeves, Chancellor of the Exchequer.
“Bringing a world-class theme park and resort to the United Kingdom is a tremendous opportunity and is part of our strategy to introduce the Universal brand and experiences to new audiences around the globe. We appreciate the incredible support for our proposed project and look forward to bringing it to life in the years ahead,” said Mark Woodbury, Chairman and CEO, Universal Destinations & Experiences.
By 2055, Universal expects the 476-acre site near Bedford to generate nearly GBP 50 billion for the economy, with a 500-room hotel and a retail and entertainment complex planned along with the theme park.
Visitors to Europe’s first Universal park could possibly enjoy rides and shows based around famous movies like Shrek, Minions, Jurassic Park and Harry Potter.
Starmer said that the government will invest in improving infrastructure and transport around the site to support the delivery of the project and make sure it is easily accessible for visitors.
The project ties in with other work around the Oxford-Cambridge corridor, including support for the expansion of Luton Airport.
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