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A new film and TV studio funded via a portion of a £24M ($30M) government investment has become the latest to launch in the UK.
Stirling Studios will generate more than 4,000 jobs across several industries in 25 years, according to an independent economic impact assessment. The founders are calling Stirling “among the biggest film studio campuses in Scotland.”
Work will begin now on the new space, the latest in a long line of recent developments in the UK that includes a studio helmed by James Corden’s Fulwell 73.
Stirling Studios is being funded via a portion of a £19M UK government fund that is redeveloping the entire area including the land where the studio will be based, along with another £5M that enabled the transfer of the site to Stirling Council.
Rather than demolishing and clearing all of the existing buildings on the land as previously intended, some will be retained and refurbished for the studio. There is currently 100,000 sq ft of studio space and 110,000 sq ft for production, logistics and office space at the site and the studio will use the space to fill current gaps in the market for TV and film production, Stirling Council said.
“The UK Government is committed to making sure that Scotland and the wider UK remains an attractive location for film and high-end TV productions,” said UK Government Minister for Scotland John Lamont. “That is why we have supported our world-leading creative industries with £1 billion in tax reliefs. In total we are investing £72 million in levelling up Stirling and Clackmannanshire and more than £3 billion across Scotland.”
The studio is one of a number announced in recent months including Fulwell 73’s £450M Crown Works in the north east of England. Productions from both the U.S. and UK have been rushing back following the end of the Hollywood labor strikes and the local industry looks set for a further boon with the introduction of the 40% indie film tax credit.
