Iconic film company, Pinewood Studios is to set up a new 180,000 sq ft film studio at the former Energy Centre in Cardiff, as part of a £30m investment by the Welsh Government. The deal is set to generate an estimated £90million spend with Welsh businesses and the new studio could support 2,000 jobs.
Ivan Dunleavy, Chief Executive Officer, Pinewood Shepperton plc said, 'We are delighted to have agreed with the Welsh Government to advise it on its television and film funding initiative. This builds on our success with Pinewood Pictures and managing the Isle of Man Treasury Film and Television Fund. Our combined advisory investment funds now total £55 million making them one of the largest investment portals for new British television and film content'.
'The new fund together with the new facility will do much to boost the Welsh film and television sector. The fund is also another step forward for creating a sustainable UK film and television production centre'.'
Pinewood and Shepperton Studios have been home to more than 1,500 films in more than 75 years, including the James Bond franchise, and Carry On series. There are over 241 independent, media related companies based at Pinewood and Shepperton’s Media hub.