US-based movie studios firm Blackhall Studios is planning to build a new film studio with an investment of £150m in Reading, southern England in the UK.

The new studio, which will be the company’s first outside of the US, is expected to become one of the largest of its kind in the UK.

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Expected to add £500m per annum to the UK economy, the new film studio is planned to be built at the Thames Valley Science Park, which is owned by the University of Reading.

International Trade Secretary of State Liz Truss said: “Blackhall’s commitment is a strong endorsement of our creative industry and the great creatives that work in UK film, and is set to deliver hundreds of new jobs in the area.

“I look forward to negotiating and signing a new ambitious free trade agreement with the US, to ensure we can continue to deepen our trading relationship and grow our creative industries.”

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The project is expected to create up to 3,000 jobs, including 1,500 employed at the studio site.

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Blackhall chairman and CEO Ryan Millsap said: “Blackhall is the global standard for entertainment production space and our US-based clients like Disney, Universal and Sony are all asking us to expand into the UK to meet their desire to create productions here.

“We are very excited about the prospect of investing in the UK creative industries as one of the most vibrant markets in the world.

“We hope that the site at Thames Valley Science Park will be the start of a series of investments in the UK which will see investment in jobs, training and the creative arts across a range of disciplines.”

The new studio will be located within the UK’s “creative corridor” that is under development through Thames Valley.

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Illustration of the new Blackhall Studios’ new film studio in Reading. (Credit: Crown copyright/gov.uk)