I am repeating the following Written Ministerial Statement made today in the other place by my Right Honourable Friend, the Secretary of State for Culture, Media and Sport, Lisa Nandy MP:

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.

The Government has 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 ten years of operation. 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 twentieth year of operation. 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 its commitment to the investment, the Government plans 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.

DCMS will be making a separate grant of £438 million to invest in the public infrastructure necessary for the park to function including improvements to the local road network. The Department for Transport is also going ahead with plans to upgrade the strategic road and rail network, on the A421 and at Wixams station, which will provide wider resilience and improved connectivity within the region, at an expected cost of £474 million.

As one of the key investment commitments in The UK’s Modern Industrial Strategy (2025), this project directly supports the government’s ambition to increase business investment in the creative industries from £17 billion to £31 billion by 2035, contributing to the broader UK growth mission. The UK’s Creative Industries are a global engine of innovation and growth, generating £124 billion for our economy and supporting over 2.3 million jobs. As a cornerstone of our modern Industrial Strategy, this sector drives creativity, competitiveness, and opportunity. The investment is also aligned with our ongoing work to unleash the potential of the Oxford-Cambridge Growth Corridor, following previous investments announced in the region.

As we move into the delivery phase, it will be more important than ever to work closely with local stakeholders. We will continue to work with Bedford Borough Council and other stakeholders in the region to make this a success for the local area, and will continue to engage with neighbouring councils and local stakeholders in the coming months. Bedford Borough Council have been excellent partners in this project and we thank them for their ongoing dedication and commitment to it.

We welcome the ongoing support of colleagues across both Houses for this transformational investment. We commit to providing further updates at appropriate times.

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