Up to 27,000 jobs could be created should plans for the Paramount theme park in the Swanscombe Peninsula, Kent go ahead.
The ‘Disney-style’ entertainment park will see an investment of £2bn in a bid become one of largest theme parks in the world according to the report below by ThisisMoney.co.uk:
Planned for 2018, a Paramount Pictures-branded resort will be at the heart of a 872 acre site, twice the size of the Olympic Park.
To be built on what is currently a brownfield site in the Swanscombe Peninsula, it would be one of the largest regeneration projects in Europe and among the four largest theme parks anywhere in the world.
It would include a massive indoor water park, as well as theatres, live music venues, attractions, cinemas, restaurants, event space and hotels.
The site is on the doorstep of Ebbsfleet International railway station, which will provide a 17-minute journey time into London, and two hours to Paris.
Tony Sefton, project leader for the development company London Resort Company Holdings (LRCH), said the plans were Britain’s next major regeneration project following the Olympics.
‘We are at the start of a long journey, but have been encouraged by the support and buy-in we have had to date. We are particularly pleased with the appetite we are seeing from investors, who consider this a compelling investment proposition.
‘Over the next 12-18 months we will be progressing the planning application, while embarking on a wide-reaching programme of community consultation, while securing further commercial agreements with third parties. It is geared towards completion and opening in 2018.’
And he told Sky’s Eamonn Holmes: ‘We haven’t seen anything like this in the UK before. Job-wise this is very exciting. The direct jobs in phase one is 27,000 and that will be full-time jobs when we open.
‘We will announce the number of construction jobs shortly.’
Such a huge amount of jobs would be a welcome boost to the UK economy. Recruiter Michael Page this morning reported its UK division suffering with profits down 5 per cent lower as trading conditions remained ‘tough’.
LRCH has signed an agreement with Paramount Licensing Inc, the licensing division of Paramount Pictures, to give exclusive UK licensing for a Paramount entertainment resort at the heart of the site.
LRCH is also in negotiations with a range of major British brands to sign licensing agreements.
The company has also been working closely with Dartford and Gravesham Borough Councils, which have both offered support for the project.
In a joint statement, Jeremy Kite, leader of Dartford Borough Council, and John Burden, leader of Gravesham Borough Council, said: ‘This development represents a tremendous economic growth opportunity for the region.
‘We have been impressed by LRCH’s commitment to integrating the development with the local community, recognising the many economic and social benefits it promises to deliver.’
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