A proposed Universal theme park in Bedford could transform the UK economy.
- The project is expected to generate over £35 billion in economic benefits.
- Construction would offer 20,000 jobs, boosting local employment.
- The operational phase aims to create 8,000 high-quality roles initially.
- Tax contributions could reach £14.1 billion over two decades.
In a groundbreaking proposal, the establishment of a new Universal theme park in Bedford is positioned to catalyse substantial economic transformation within the United Kingdom. The planned attraction has the potential to inject a staggering £35 billion into the UK economy over the construction period and the first 20 years of operation, according to an economic impact analysis commissioned by Universal Destinations & Experiences.
The construction phase alone is a significant component of this economic uplift, as it would create 20,000 jobs, with 5,000 onsite workers during peak construction periods. This influx of employment opportunities is expected to benefit a wide range of professionals across various sectors, from construction to hospitality.
Once operational, the theme park is expected to initially introduce 8,000 jobs, progressively increasing as the park grows. These roles are touted to be of high quality, with a commitment to paying the living wage, thus setting a standard for employment practices in the region.
Moreover, the park’s presence is projected to generate up to £14.1 billion in net additional tax returns for HM Treasury within two decades. This considerable fiscal contribution underscores the park’s potential role as a cornerstone of economic growth, not just for Bedford but also for the wider UK.
Page Thompson, Universal Destinations & Experiences’ new ventures president, has been vocal about the benefits of a world-class theme park, citing it as a pivotal opportunity to enhance the UK’s tourism landscape by drawing millions of international visitors and creating an expansive range of job opportunities. The company maintains ongoing dialogues with local and national stakeholders to actualise the project’s potential, indicating a forward-thinking approach to development.
The proposed Universal theme park stands to become a pivotal economic driver for the UK, creating jobs and significant tax revenue.
