The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Wales; West Wales and The Valleys; Central Valleys
Location of affected unit(s)
Llanilid, Rhondda Cynon Taf
Sector
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59 - Motion picture, video and television programme production, sound recording and music publishing activities
1,700 jobs Number of planned job creations
Announcement Date
20 July 2005
Employment effect (start)
1 October 2005
Foreseen end date
Description
Work has begun on an ambitious £330 million film studio complex in south Wales, following years of talks. Lord Attenborough, the chairman of Dragon International Studios, said work on the main studio complex would start before October 2005. ‘This will mean that we are able to offer a whole range of further facilities to house television production, international feature films and multimedia businesses by the spring of 2007.' Construction on the first stage of the scheme, dubbed Valleywood, began on 20 July 2005 with a ceremony at the site in Llanilid, Rhondda Cynon Taf. The complex will create more than 1,700 jobs and is set to make south Wales a centre of the UK film industry. The project, backed by actor and producer Richard Attenborough, has secured European Objective One funding. The ‘hugely complex' project will bring benefits to an area which has been hit by recent job losses.
Sources
20 July 2005: BBC News
Citation
Eurofound (2005), Dragon International Studios, Business expansion in United Kingdom, factsheet number 61949, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61949.
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