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This approval opens the path to a £2bn boost for the UK film industry. The expansion approval marks a major boost for UK economic growth, allowing Sky Studios Elstree, one of Europe’s leading production hubs, to grow to 22 stages across 65 acres for a total of 470,000 sq ft of premium stage space for filming. 

Inward investment and co-production of films and HETV shows delivered £4.8 billion, or 86% of the combined production spend. This demonstrates the UK’s global reputation as the world's leading center for international film and TV production.

The latest official figures published by the BFI’s Research and Statistics Unit show that the Hollywood strikes impacted the global industry.

The Memorandum of Understanding (MoU) will enhance collaboration between the UK and Italian screen industries and facilitate film and high-end television production between the two countries.