Network of six studio complexes in the works around the UK
The Creative District Improvement Company plan around six major studio complexes around the UK, having secured GBP500 million of institutional investments. The company, owned by producer Piers Reid and Jeremy Rainbird, are also investing GBP50 million in Twickenham Studios.
The UK screen industries are growing five times faster than the national economy and soundstage space is in high demand, particularly for independent productions. The current content boom has seen leading studios leasing out soundstage space to companies such as Netflix and Disney as part of long-term deals, leaving other producers to find suitable space in an increasingly competitive market. Chairman of TCDI, Anthony Lilley OBE comments “We at TCDI Co. have a genuine strategy that will address the space deficit and train the next generation of industry practitioners at each studio complex”.
Proposed sites for the six complexes include a GBP148 million new studio complex in Ashford, Kent, close to the Ashford International Train Station where an application has already been made to build four soundstages measuring 80,000 square feet, as well as crew accommodation. Liverpool is another a proposed location. The CDIC is also involved in East London’s Dagenham Studio. The company made a bid for the Dagenham Studios project, but the local council went with a US operator who has since walked away from the project.
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