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EXCLUSIVE: The UK’s Shepperton Studios has submitted plans for a $640M (£500M) redevelopment and expansion of its production facilities in Surrey, England.
The planning application has been lodged with Spelthorne Borough Council seeking consent for the major private sector development project which is due to deliver an increase in stage space and facilities of around 465,000 sq ft. Below are the first plans of the proposed site.
Price - Tag - Estimates - Growth - Studio
The $640M price tag is higher than previously reported estimates and the proposed growth would bring the studio up to the scale and standard of its neighbouring sister facility Pinewood Studios, home to the James Bond franchise and a string of Marvel and Disney tentpoles.
If the plans go ahead, Shepperton could grow from its current 14 stages to at least double that number. Finance would be raised in the city. Pinewood currently operates 22 stages and is due to get under way on the second phase of its own expansion in coming weeks.
Shepperton - Executives - Expansion - Future - Jobs
According to Shepperton executives, expansion will “secure the future of more than 1,500 direct jobs currently based in Spelthorne and maintain the current contribution to the local economy of £181M Gross Value Added (GVA). Over the construction period 837 jobs per year will be created, including potential for more than 200 jobs in the borough. On completion, Shepperton Studios is expected to boost productivity within the local economy to a total of £322M (GVA) and will create and sustain a total of 2,796 jobs.”
The studio expansion is being lined up for adjacent green belt land so questions could be raised at a local council level. The council is likely to reach a decision come the end of the year. If it’s a green light that decision would then be considered by Government.
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