Travelbiz E-Zine
26
June
2024

Universal Destinations & Experiences

Expert analysis indicates Universal theme park and resort could have transformative impact, generating nearly £50 billion of economic benefit for United Kingdom.

Universal Destinations & Experiences (UDX) commissioned an Economic Impact Analysis (EIA)[1] that demonstrates the unique value creation opportunity a world-class theme park and resort could bring to the United Kingdom, helping to unlock economic potential and boost growth, create thousands of high-quality jobs, and generate billions in tax revenue for the country.

With a Universal theme park and resort in Bedford….

The UK realises billions in economic benefit

  • The net economic contribution of the potential project for the UK is forecast to be £35.1 billion over the construction period and first 20 years of operation.
  • It is also estimated to generate up to £14.1 billion in net additional tax returns for HM Treasury over the same period.

Thousands of jobs will be created, along with career growth and training opportunities

  • The project generates 20,000 jobs[2] during the construction period; at the peak, there will be 5,000 workers on-site.
  • Once operational, the project is expected to initially create 8,000 new jobs[3], rising over time, consisting of a range of high-quality, multi-disciplinary team member roles with a commitment to pay the living wage.
  • Evidence from our other theme parks suggests that for every job supported within our parks, at least 1.5 further jobs may be supported, in our supply chain and across all areas of the economy, resulting in a net additional 20,000 jobs supported by the project, as well as supporting high-quality apprenticeships.
SUPER NINTENDO WORLD™ is now open at Universal Studios Hollywood

Millions of visitors to the UK generating additional economic benefits for the wider economy

  • The project would be amongst the highest-attended attractions in the UK, bringing millions of incremental international visitors to the UK.

UDX has carried out the EIA as part of its wider due diligence and looks forward to continuing its engagement with local and national stakeholders about realising the project’s potential.

Page Thompson, President, New Ventures of Universal Destinations & Experiences said: “A world-class theme park and resort from Universal has the potential to generate billions in economic benefit for the UK, by creating thousands of high-quality jobs and attracting millions of new visitors to the country.”

[1] The analysis was undertaken for UDX by a third-party in line with HM Treasury guidance on economic appraisal
[2] The 20,000 construction jobs are a gross figure based on an average of 4,800 construction jobs per year
[3] The 8,000 jobs are a gross figure; developments of this kind offer different types of roles beyond full-time

 

Subscribe to our E-Zine

    More

    from latest edition

    AmaWaterways reports more European agents creating group, part and full charter business
    23rd June 2025

    AmaWaterways reports more European agents creating group, part and full charter business

    AmaWaterways’ European office has seen its groups and charter sales rise by 145% for 2026 (versus sales at the same time last year, for 2025 departures) with more travel agents than ever choosin...

    Read more
    Cassidy Travel Group Launches Epitome Travel: A New Era of Experiential Luxury Travel
    23rd June 2025

    Cassidy Travel Group Launches Epitome Travel: A New Era of Experiential Luxury Travel

    Cassidy Travel, one of Ireland’s most trusted and established travel brands for over 40 years, proudly announces the launch of its newest brand: Epitome Travel, a premium travel brand dedicated ...

    Read more
    Winners notice from TPG & Shannon
    20th June 2025

    Winners notice from TPG & Shannon

    Everyone’s a Winner with the Travel Partners Group and Shannon Airport. It’s been a week since the festivities, and hopefully everyone has had a chance to recover from an evening that truly exce...

    Read more
    Agent ‘cruise champions’ celebrated at CLIA graduation ceremony
    20th June 2025

    Agent ‘cruise champions’ celebrated at CLIA graduation ceremony

    Two cruise training programmes for frontline travel agents have been successfully completed by the first cohort of graduates. CLIA introduced the six-month initiatives last year, with one focusi...

    Read more
    United Airlines Further Expands Service Between Dublin and the U.S.
    20th June 2025

    United Airlines Further Expands Service Between Dublin and the U.S.

    United Airlines today announced a further expansion of its nonstop services between Dublin and the U.S., offering its highest ever capacity from Dublin. The airline is extending the second frequ...

    Read more
    The TSN Maldives Grand Prize Goes To…….
    19th June 2025

    The TSN Maldives Grand Prize Goes To…….

    After an unforgettable run of TSN Roadshows and a week filled with excitement, the moment has finally arrived - and we are beyond thrilled to announce the winner of the dream Maldives Beach Pool...

    Read more