I am repeating the following Written Ministerial Statement made today in the other place by my Honourable Friend, the Minister for Creative Industries, Arts and Tourism, Sir Chris Bryant MP:

I am pleased to publish an update on the proposal for the construction of a Universal Destinations and Experiences (UDX) theme park and resort in Bedford, further to the Prime Minister’s announcement of the same during recess on 9 April.

We have reached an agreement in principle for Universal to turn the site of the former Kempston Hardwick brickworks, on the outskirts of Bedford, into a 476-acre theme park and entertainment resort complex. The expected multi-billion pound investment from the American company will be one of the most significant investments to be made in the United Kingdom in this Parliament, and is among the largest single investments ever in the UK tourism and entertainment sector.

The benefits of the project are substantial. Universal estimates that it will deliver over £50 billion for the economy by 2055; and that 8.5 million visitors will come to it in its first year of operation in 2031. Over the course of the construction period, 20,000 jobs will be created, with a peak of 5,000 on site at the busiest time. The park and resort will employ 8,000 people in its first year, which is anticipated to rise to 10,000 by the twentieth year of operation. Jobs will require skills of all kinds, with opportunities to develop careers in a range of creative, administrative and technical fields. The development is expected to become the biggest visitor attraction in the UK, surpassing our current top attraction of the British Museum. It will be the first Universal theme park in Europe and one of the largest visitor attractions on the continent.

This investment is the Government’s Plan for Change in action, directly improving the lives of working people and strengthening our country. It aligns with our missions to kickstart economic growth and break down barriers to opportunity - providing valuable opportunities outside of London and our bigger cities for professionals to develop their careers and live meaningful lives.

In November, this Government announced the creative industries as a priority growth-sector, and a key pillar of the upcoming Industrial Strategy. Universal’s theme park and resort is one demonstration of how this Government is already securing investment in the high growth sectors that will drive our growth mission.

Part of the reason Universal chose the UK as their European home was due to the strength of our creative industries. From Dua Lipa to Shakespeare, Conan Doyle to Hogwarts, we are a world leader in the arts and creative industries. Universal’s theme park and resort will be another tremendous asset to the sector. It will bring hundreds of jobs in the creative industries, showcase our wonderful British intellectual property, and enhance our soft power, as fans of British creativity across the globe look at the world-class offer in Bedford.

Alongside the creative industries this will boost tourism in the UK. In November of last year, I announced my ambition for the UK to attract 50 million visitors a year by 2050. The tourism industry is larger than our automotive and agricultural industries combined, and is projected to grow in the years ahead. This investment will create a new visitor economy in Bedfordshire, enabling Bedford and the region to showcase proudly all it has to offer to tourists, from the UK and globally. This Government believes everybody across the UK is a part of our national story, so I am proud that this investment puts Bedford at the centre of a new, major tourist attraction.

Government is working hard, together with Universal, to ensure that they can meet the ambitious delivery timelines. Even so, decisions on procurement and Intellectual Property rest entirely with Universal and as such they will be the first to share updates in those areas. Of course we have gone to great lengths to champion the strengths of British companies and Intellectual Property.

The government is also working closely with Bedford Borough Council. It is essential that local voices and experience should be woven into any delivery of policy, projects and programmes; and given the scale of change and the transformational impact on the area, the imperative to do so is even greater. The council has shown commendable dedication so far to this project.

The Department would welcome the support of colleagues across both Houses for this transformational investment.