As reported recently in Screen Daily, the US Company Blackhall Studios is set to build a new film studio and digital creative hub complex at the Thames Valley Science Park near the University of Reading, Berkshire. Based in Atlanta, Georgia, this is the company’s first ever investment in the UK which in time will bring £500 million into this country’s economy and create up to 3,000 new jobs, including approximately 1,500 on the studio site.
Subject to planning permission being granted, Blackhall plans that the new studio will be responsible for large scale productions similar to those it creates in the USA. Once building is started, some of the facilities are expected to be completed as early as 2022.
Screen Daily also reports that Nick Smith, formerly executive commercial director at Pinewood-Shepperton plc, has been appointed as Blackhall Studios’ UK president and chief operating officer. He stressed the company’s vision for the future production, and added that: “The proposals support the UK government’s commitment to see this sector’s annual inward investment deliver £4bn by 2025. This initial investment of £150m into the UK economy will create a new powerhouse of creative production and educational achievement.”
This new development represents a major potential boost for business and employment in the area, and we at Glenside look forward to carrying out projects to enhance commercial premises for the thriving businesses in Reading and throughout the vibrant Thames Valley region.
Reading was ranked among the top 25 European business cities of the future for foreign direct investment in the bi-annual FDI European Cities of the Future Awards 2018/19, which ranks cities of all sizes across Europe against a number of business criteria, including the attractiveness of each location for future investment. This major potential inward investment from the US film industry shows that this award was well deserved.