Ashford International Studios, a new film and TV complex based in Kent, has secured a £250 million investment from The Creative District Improvement Company and property developers Quinn Estates.
The new complex is expected to create 3,000 new jobs and is scheduled to be completed in 2021.
It will be based at the Netwown Railway Works, which will be converted into 80,000 sq. ft. of studio space, 80,000 sq. ft. of ancillary production space, 50,000 sq. ft. of storage space, and a 30,000 sq. ft. media village, which will include an educational hub.
Piers Read and Jeremy Rainbird, founders of The Creative District Improvement Co., said: “It is a dream come true to regenerate an area that we have a close personal connection to and to provide such exciting employment opportunities.
“As we emerge from COVID-19 there will continue to be unprecedented demands for stage space and a demand for skilled workers which will continue to grow.
“With AI constantly encroaching into the UK employment sector, the creative industry is one of the only industries that robustly defends itself from mass unemployment.
“British TV and film making is the best in the world thanks to facilities like Ashford International Studios. This is set to remain the case for decades to come.”