This is a joint statement made with the Department for Business and Trade.
We are pleased to publish an update on the proposal for the construction of a Universal theme park and resort in Bedford. This follows the statement made on 22 April 2025 after we had reached the agreement in principle stage of negotiations—[Official Report, 22 April 2025; Vol. 765, c. 29WS.]
The Government have now formally signed an agreement with Universal Destinations and Experiences (“Universal”), a division of Comcast NBCUniversal, in which it has confirmed it will move ahead with its plans to develop an entertainment resort complex which contains a world-class theme park in Bedfordshire. The new development – which will be called “Universal United Kingdom Resort”—will join existing attractions around the world, in Beijing, Osaka and Florida, and will be Universal’s first world-class visitor attraction in Europe.
As part of the agreement, Comcast NBCUniversal has committed to invest over £5 billion in the entertainment resort complex during the expected five years of construction, as well as an additional £1 billion in capital investment over the first 10 years of operation. The Government will support the project with an investment of £1.3 billion on regional and local community infrastructure to ensure the park can operate successfully, with improved transport links for local residents and visitors from across the UK and abroad.
This is expected to be one of the most significant investments made in the United Kingdom in this Parliament, and remains among the largest single investments ever in the UK tourism and entertainment sector.
As previously outlined, 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. Construction work has already begun, and over the next five years during the construction period, 20,000 jobs will be created, with a peak of 5,000 workers 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 20th year of operation. Some 80% of the roles are expected to go to people in the local area, and Universal has already received thousands of expressions of interest from individuals and companies looking to be a part of this transformative and exciting venture. Jobs of all kinds will be created, giving 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 Natural History Museum, and be one of the largest in Europe.
The UK is open for business, and we will continue to engage with businesses and investors who can make a positive difference here. This is evidence of the confidence international investors have in the UK. The deal we have reached delivers value for money for the British taxpayer and secures Universal’s investment in the UK. As part of their commitment to the investment, the Government plan to provide a grant of £400 million through the exceptional regional growth fund. This grant is subject to compliance with subsidy control regulations, with which we are moving forward; and parliamentary approval. We will in due course ensure that an appropriate motion under section 8 of the Industrial Development Act 1982 is tabled in the House of Commons.