First Delegated Legislation Committee

10 novembre 2026

First Delegated Legislation Committee Inizio effettivo House of Commons

Segui le sue sedute
15:25 - 15:31
Oratore 2
Motion in the name of Stephanie Peacock relating to financial assistance to industry. 
15:31 - 15:34
Oratore 1
I call the Minister to move that the Committee has considered the motion. 
15:34 - 16:47
Oratore 3
Thank you, Chair.  It is a pleasure to serve under your chairship Mrs. Barker, and I beg to move that the Committee has considered the motion in front of us today.  And it relates to truly historic inward investment into the UK of the Universal United Kingdom Resort in Bedfordshire. 

In June this year, the Government announced that we had reached an agreement with Comcast, NBCUniversal, and its subsidiary, UDX Development Company Ltd, to unlock over six billion in direct capital investment to construct and operate a world-class theme park and entertainment resort complex.  The Delegated Legislation Committee is asked to approve a grant of up to 450 million under the Industrial Development Act and to ensure that Universal is able to go ahead with its ambitious plans.  I was really pleased to visit the site in June on behalf of the Government and to meet the 100 new staff that Universal had already employed.  These new 100 employees, leading on a range of skills including design, operations, and construction management, are the first of an expected 800- 8,500 who will work on site when it opens in 2031. 

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