Ashford International Studios gathers pace

Exciting plans for a film studios-led £250m investment and regeneration project on the site of the derelict Newtown Works railway site continues.

A leading global studio operator is in discussions with the Ashford International Development Company (AIDC), who are overseeing its delivery, which promises to be one of the most important economic drivers for the borough. The council’s Cabinet has agreed in principle a £50m loan for AIDC to bring the scheme forward, to be repaid on completion of the works from the sale proceeds or through a long-term lease to an operator. Enabling works are ongoing over the past year since the successful bid by the council for £14.7m in Levelling Up Funding from Government. Visit www.ashfordinternationalstudios.com

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