The University of Reading has signed an agreement to build a £ 200million film studio on the campus of its science park in Berkshire.
Los Angeles film studios investor Commonwealth Real Estate will lease the land and develop the site, which will be called Shinfield Studios.
A contractor has yet to be named for the job, but it is hoped it will be completed by the end of 2022, according to a statement from the university.
This is the second major deal in the booming studio development industry in recent weeks, as Barking and Dagenham Council reached a deal with Los Angeles investor Hackman Capital Partners in November to fund the construction of a studio to be called Eastbrook Studios London (photo).
The announcement came on the same day Morgan Sindall began working for Liverpool Council to transform the land next to the historic old Littlewoods building into two film and television studios.
Eastbrook Studios and the Littlewoods Project received government Building Fund grants earlier this year.
Shinfield Studios Managing Director Nick Smith said: “Britain has an enviable array of film talent, but the industry lacks high-quality studio facilities capable of supporting new and emerging technologies. emerging which will constitute the heart of television and film production in the future.
“This development at a cost of over £ 200million will create a new creative powerhouse and new talent, while generating up to 3,000 new jobs.
“Completing this exciting transaction is a big step forward and we look forward to continued consultation and engagement with all local stakeholders as this project progresses. “
Regarding the Liverpool project, Morgan Sindall Regional Director Richard Potts said: “These new film studios will be an essential part of driving the economy of the Liverpool City region forward for many years to come, and it’s a privilege to be a part of such an important part of the city’s future. “