Sky announces its intention to invest in building a new 32-acre, state-of-the-art TV and film studio at Elstree, just north of London, home to the world-renowned Elstree Studios.
The proposed development represents a significant new investment in the UK and European creative economy and will be made with the backing of Sky’s new owner Comcast and in partnership with sister-company NBCUniversal. Legal & General will develop its site and provide financing for the project.
In a huge boost to Britain’s creative sector, the new Sky Studios Elstree will:
- lead to the creation of over 2000 new jobs and help fuel the local economy
- generate an additional £3 billion of production investment in the UK’s creative economy over the first five years of operation, from Sky, NBCUniversal and other producers
- house 14 sound stages and become a new home for the best of British and European creative talent
Subject to planning consent, the 32-acre development is expected to open in 2022 and will be able to facilitate the production of several films and TV shows simultaneously, with each of the 14 sound stages covering over 20,000 sqft. Once complete, the site will include production offices, a set construction workshop, a screening cinema and state-of-the-art post-production and digital facilities.
Sky is also committed to supporting the next generation of young and diverse creative talent and will use Sky Studios Elstree to build on its existing work.
Roger Morris, Managing Director, Elstree Studios, said: “Sky Studios Elstree will be of immense importance to the UK Film and Television industry – it will not only boost the local economy of Hertsmere and Hertfordshire, but will also have a major impact on the UK’s creative sector as a whole. We are extremely proud that Sky Studios Elstree has chosen to locate near us and we look forward to working closely with them.”
Cllr Morris Bright MBE, Leader of Hertsmere Borough Council, said: "“This is huge news for Hertsmere, Hertfordshire and the UK Creative Industries. It comes after many months of discussions and meetings.
"Hertsmere was able to show that we have not just the passion and history for the creative industries, via our ownership of Elstree Studios, but the commitment to work with business coming in to our area for the good of our people and communities.
"The new Sky Studios Elstree, along with Hertsmere’s Elstree Studios and BBC Elstree will create a huge media hub. It is indeed the return of the British Hollywood to Elstree & Borehamwood.”