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Major London studio site backed in new study
ScreenDaily reports on the new study, funded by the London mayor, Film London, the London Local Enterprise Panel and the London Borough of Barking and Dagenham. The full ScreenDaily article is here
The key findings were:
Demand: Due to the city's world-class skills, locations, crews and expertise, demand for studio space has never been higher. The value of feature film production spend in the UK in 2016 was £1.6billion, an all-time record. The large majority of this was associated with inward investment feature films, most of which are big-budget US-financed pictures. Much of this growth is focused on studios in and around London.
Capacity: Trends in the film and TV markets currently favour large, permanent studio spaces. Big-budget productions typically look for at least 125,000 square footage of stages, which this study demonstrates Dagenham East can accommodate. Other successful UK film studios are planning expansions but will not meet growing demand on their own, with modelling suggesting that the UK could need a further 800,000 square feet to 1.22m square feet of studio space by 2032.
Jobs: A studio of this size at Dagenham East could generate around 780 full time jobs in the local area and £35million for the economy.
Location: Barking and Dagenham is well connected, and the proposed site is midway between the City and the M25. It's directly opposite the tube station and close to the A13 and M11 motorways, providing excellent transport links for cast, crew and industry professionals. Its location would provide a clear trajectory for studio South East.
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