Only one month earlier than it’s set to open its highly-anticipated Epic Universe growth in Orlando, Common Locations & Experiences introduced immediately that it’s going to proceed with previously-teased plans to construct a brand new theme park in the UK.
In June of final yr, UDX introduced it was finishing up feasibility and due diligence research and was set to make a ultimate resolution on the undertaking by the tip of this yr. At present’s announcement is the results of that course of.
The UK undertaking is topic to securing planning approval. A proposal alongside these traces can be submitted to UK Authorities within the months forward with a projected development begin date in 2026.
The theme park unit of Comcast subsidiary NBCUniversal introduced in December 2023 that it had acquired the 476-acre website for a proposed new UK location exterior the city of Bedford, some 60 miles northwest of London. See map under.
“It is a particular and historic milestone second for our firm as we proceed to speed up the expansion trajectory of our theme parks enterprise and delight audiences all over the world,” mentioned Mike Cavanagh, President of Comcast Company. “The unparalleled storytelling and technological innovation that the unimaginable crew at Common Locations & Experiences brings to life is an ideal complement to the British artistic arts and tourism industries.”
The undertaking is anticipated to ship £50B of direct and oblique profit within the UK, which interprets to simply shy of $64B. That features 20,000 development jobs over the following few years in addition to 8,000 posts as soon as the location was operational. See reality sheet under.
“Bringing the Common model to the UK is one other thrilling step ahead in producing future development,” mentioned Mark Woodbury, Chairman and CEO of Common Locations & Experiences. “Increasing into Europe presents us with a big alternative to achieve new followers and share the unimaginable experiences our crew creates.”
