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The £450M ($568M) UK TV and film studio backed by James Corden‘s Fulwell 73 has been given the go-ahead.
Having submitted plans last year, a city council in the North East of England has greenlit plans for the Sunderland studio, which its backers say will create 8,000 jobs and cover 1.6 million sq ft. When complete, it is expected that the studios will generate £336m (GVA) for the local economy every year.
Crown Works Studios is a JV between Late Late Show maker Fulwell 73 and Cain International. It has backing from Sunderland City Council and a package of support amounting to around £120M.
“This is a huge moment for Sunderland, the North East and the UK – unlocking untapped potential to further build our world-leading screen industries,” said Leo Pearlman, Managing Partner at Fulwell. “Crown Works Studios will deliver thousands of jobs at all levels – creating economic growth and new opportunities for people living across the North East today. Building these studios will kick-start the creation of an entire production ecosystem – ensuring the benefits are felt far and wide – throughout the North East, and beyond the creative sector.”
The move has support from the likes of the BFI and Pact.
It comes as studio space springs up all over the UK.
Backing Crown Works when the plans were first released in November, UK Chancellor Jeremy Hunt said they could lead to the creation of a Sunderland Barbie, referencing the fact that Barbie was made in Hertfordshire.
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