Universal in talks with ministers about tax incentives as it looks to build multibillion-pound resort in Bedford

Universal is in talks with ministers about tax incentives as it looks to build a multibillion-pound resort in Bedford.

The US company, owned by Comcast, has snapped up 500 acres of land in the UK as a potential site for Europe’s largest theme park.

But now Universal is in talks with officials about tax and infrastructure arrangements – which could be a make-or-break for a site, according to the Financial Times. 

Plans: Universal runs several sites across the Atlantic, including a resort in Orlando

Comcast could explore other sites in Europe or elsewhere if the talks fail, the report said, and a decision is expected to be made by the end of this year.

Universal runs several sites across the Atlantic, including a resort in Orlando.

The theme park would bring £50billion of economic value to the UK over the first 20 years, according to estimates.

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Get £200 back in trading fees

Saxo

Get £200 back in trading fees

Saxo

Get £200 back in trading fees

Free dealing and no account fee

Trading 212

Free dealing and no account fee

Trading 212

Free dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

Read original article here

Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a Comment