Film studios planned for Thames Valley
The University of Reading has entered into an agreement with affiliates of Commonwealth Real Estate LP, a film studios investor based in Los Angeles, for a long lease of land at the University’s Thames Valley Science Park campus, Berkshire, which will see the development of a major film studios and creative media campus.
Following consultation with the local community, the campus will be known as Shinfield Studios, and is expected to open, subject to planning approval, in late 2022.
The studios will bring major Hollywood film productions to the UK, creating around 1,500 new jobs, and supporting up to 1,500 further indirect jobs.
Professor Robert Van de Noort, Vice-Chancellor of the University of Reading, said: “We are delighted that this agreement has been reached, which will bring welcome significant Hollywood investment, creativity and job opportunities to Reading, Wokingham and the wider Thames Valley.
“It is a credit to the hard work and determination of everyone involved to have concluded a transaction while negotiating through challenging restrictions on movement and travel.”
Nick Smith, Managing Director of Shinfield Studios, said: “Britain has an enviable array of filmmaking talent, but the industry is short of high-quality studio facilities capable of catering for the new and emerging technologies that will form the core of television and film production in the future.
“This development costing over £200M will create a new powerhouse of creative production and new talent, as well as generating up to 3,000 new jobs.”