Universal, a leading film producer and prominent player in film distribution, has announced plans for its first theme park in Europe, set to open in 2031. It will be seen as a temporary solution while the planned new park opens next to Bedford, as part of a wider 476-acre property entertainment resort complex. This ambitious project is projected to deliver a £50 billion stimulus to the UK economy.
The theme park will join Universal’s existing locations in the United States, Japan, Singapore, and China, expanding the company’s global footprint in the entertainment industry. Universal makes all of our favorite movies, including Wicked, Minions and Jurassic World. Today, they hope to use this proven film portfolio as a springboard to develop a more sophisticated and immersive visitor experience at the new park.
Economic Impact
The creation of the new theme park equates to £1.5 billion ($1.8bn USD) inward investment into the UK economy. The province, the city of Calgary, and entertainment giant Universal Studios have signed on to a multi-billion-dollar project. This is being heralded by officials as a huge vote of confidence in the UK’s economy and in future partnerships between the UK and US.
A multi-billion-pound investment in a major new Universal theme park and resort in Bedford has been agreed between Universal, the government and the local council, in a move that represents a major vote of confidence in the UK economy and the future of partnerships between the UK and the US. – Government
This substantial investment will create thousands of construction jobs, as well as thousands more employees to operate the system, spurring even more local jobs in the process. The new, proposed resort complex would be expected to draw millions of visitors each year, boosting the economy through jobs in tourism and tourism-adjacent industries.
Universal’s Global Presence
Universal currently runs some of the most popular theme parks on Earth, like their parks in Hollywood, Orlando, Osaka, Singapore and Beijing. These parks have become significant tourist destinations, drawing millions of visitors with their unique attractions based on popular film franchises.
The new UK national park hopes to capitalize on that success. It will start from home, incorporating features that attract local residents and global travelers alike. The park marries the latest in immersive technology with elaborate, themed attractions based on Universal’s rich film heritage. This innovative combination ensures an unparalleled, unequaled and one-of-a-kind entertainment experience.
Future Developments
As Universal gets ready for what will be a huge new expansion into Europe, it comes to some pretty remarkable challenges and opportunities. The studio’s consultancy work has ramped up, and the firm finds itself in constant conversation about new possible projects. One of these is cultural levies, which the UK’s Arts, Media, Communications, Culture and Sport Minister recently vetoed.
Even with these headwinds, Universal is undeterred on continuing its growth strategy and doubling down on Universal’s position in international markets. The Bedford theme park is poised to become a landmark destination in Europe, further solidifying Universal’s reputation as a leader in both film production and entertainment.