A multi-billion-pound investment in a major new Universal theme park and resort in Bedford has been agreed between Universal, the government and the local council.

In a significant development for the UK economy, a multi-billion-pound investment has been confirmed to establish a Universal theme park and resort in Bedford. This ambitious project, which is expected to be one of the largest and most advanced in Europe, represents a strong vote of confidence for UK economic growth and the partnership between the UK and the US. Opening in 2031, this new attraction is projected to create approximately 28,000 jobs, with 20,000 during the construction phase and an additional 8,000 jobs in hospitality and creative industries upon its opening. As part of the government's Plan for Change, Universal has pledged to collaborate with local educational institutions to prepare a workforce for the hospitality sector, including offering apprenticeships and internships. Enhanced local employment opportunities are anticipated, as about 80% of the theme park's future employees are expected to be from local areas. The projected influx of nearly 8.5 million visitors in the first year and an anticipated £50 billion economic impact by 2055 further underlines the potential benefits of this initiative. The development will also include infrastructure improvements around the site, supporting connectivity and accessibility, and is tied to broader government plans to rejuvenate the Oxford-Cambridge corridor. The investment comes at a pivotal time for the UK economy, especially following the recent imposition of tariffs by the US that have added pressure on UK trade. Overall, the Universal theme park is poised to be a transformative venture, showcasing the UK as an appealing destination for foreign investment and promising to bolster local economies. This move aligns with the UK government’s objective of fostering growth through strategic partnerships and reflects a commitment to securing job opportunities for its citizens.