Universal has announced plans to open a new theme park in the 海角视频, set to rival established attractions such as Alton Towers and Thorpe Park.
The US entertainment behemoth has secured the support of both the government and local council for the project, which will see a theme park and resort built in Bedford, as reported by .
The development is projected to create nearly 20,000 jobs during its construction phase, with an additional 8,000 roles across the hospitality and creative sectors upon its opening in 2031.
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The government anticipates that around 80% of the theme park's workforce will be sourced from local areas.
Universal estimates that the site could contribute nearly £50bn to the 海角视频 economy by 2055. The company also expects the site to attract 8.5 million visitors in its first year, potentially making it the 海角视频's largest visitor attraction.
This development will mark the first Universal-branded theme park and resort in Europe, forming part of a larger 476-acre entertainment resort complex.
For comparison, Thorpe Park spans 490 acres, while Alton Towers covers 550 acres.
Universal Destinations & Experiences' proposed plans also include a 500-room hotel and a retail, dining, and entertainment complex.
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Mike Cavanagh, president of Comcast Corporation, expressed his excitement: "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."
He also acknowledged the support from the government: "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."
The plans are still awaiting approval from the Ministry of Housing, Communities and Local Government.
This confirmation follows earlier reports this week hinting at a nearing deal.
Prime Minister Sir Keir Starmer commented on the development: "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, firmly putting the county on the global stage."
He further elaborated on the benefits of the project: "This is our Plan for Change in action, combining local and national growth with creating around 28,000 new jobs across sectors such as construction, AI, and tourism."
He concluded by highlighting the broader implications of the project: "It is not just about numbers; it's about securing real opportunities for people in our country. Together, we are building a brighter future for the 海角视频, getting people into work and ensuring our economy remains strong and competitive."