The proposed new Dagenham and East film and TV studio complex is facing an uncertain future after the preferred builder and operator pulled out of the scheme due to “the uncertainty over Brexit.”
In March 2018, Barking and Dagenham Council announced it had appointed Pacifica Ventures, in partnership with Media Content Capital, as the preferred builder and operator of the new Dagenham East film and media complex.
However, it has now been revealed that Pacifica has put its plans “on hold” due to Brexit uncertainty. The council has subsequently removed its preferred bidder status.
In a statement, Pacifica Ventures said: “We have definitely not dropped out but we understand that the council wants to move forward more quickly and they have our blessing if a third-party should offer an alternative proposal that is acceptable to them. We hope that won’t be the case and that we’ll be able to re-start the project very soon.”
The council said it intends to continue with the studio plans and will look for other investors but could also complete the project without outside investment.
