search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
REGIONS EUROPE


been US firm Hackman Capital Partners’ deci- sion to invest up to £350m in two studio com- plexes, Eastbrook Studios in Dagenhamand the Wharf site in Barking, with a combined total of 18 sound stages and the potential for 1800 jobs. For the past eight years, Dagenham has


become a film location and production site, drawing in the likes of streaming giants Netflix, Amazon Prime and Apple. This has enabled it to develop a case to seek a private sector partner to develop production and post- production facilities. The town’s former Sanofi-Aventis manufac-


turing site, which treated former prime minister Winston Churchill for pneumonia duringWorld War II,hassinceprovidedthebackdropforMarvel blockbusters such as Avengers: Age of Ultron (2015), Doctor Strange (2016)andBlack Widow(2021). Lisa Dee, head of film at the London


Borough of Barking and Dagenham, says that over the past fewyears“wewere quite radical in our thinking, but the council were brave in commissioning a feasibility study and investing the money [in land and buildings]”. She adds that the wide roads and parking opportunities were also attractive to film crews. At first, the council repurposed some of its


own assets and Ms Dee brokered relationships with property owners, such as a local magis- trate’s court, to house the filming of a UK TV crime and court drama, before coming on to the Sanofi site.


Fromworking class to media class Now, with a new endowment from Hackman Capital, ahead of the studio construction to facilitate the upskilling of local workers, Ms Dee hopes this will leave a long-lasting legacy. “If they canembellish the borough withthe


skills, training and opportunity, then that feeds into the productions that are coming in, which will enhance the area and community. It’s going to be a whole new generation of film cre- atives,” she says. Global foreign direct investment into


motion pictures and recording studios has accelerated over the past four years, as stream- ing platforms have increased demand — some- thing that has been reinforced by the pandemic. In 2019, theUK became the leading destina-


tion globally for studio investment in terms of greenfield projects, overtaking the investment into the US for the first time in a decade, according to fDi Markets.


WE’RENOT ALLOWING GENTRIFICATION.WHAT WETALK ABOUT IS THE ASPIRATIONAL WORKING CLASS


74 In December, Japanese telecoms giant NTT


also opened a data centre on the Sanofi site, which is slated to bring in up to 100 jobs, as part of its plan to invest £500m into UK data centres.


Ford’s future While pharmaceutical manufacturing has given way to film production and data centres, other manufacturing jobs, such as those at Ford’s plant, are currently being safeguarded. In March, Ford announced that its


Dagenham plant — now only used for engine manufacturing — will manufacture the diesel engines for the next-generation Ford Transit Customrange. In July, it entered into a memo- randum of understanding with emergency vehicle manufacturer Venari to make a new lightweight front-line ambulance. Oliver Montique, industry analyst at Fitch


Solutions, does not expect to see any electric vehicle (EV) production go to the Dagenham plant. “The repurposing is more for specialised vehicles,” he says. “As demand for diesel engines wanes, there


could be some more e-mobility components or e-vehicles coming to Dagenham, but I think for the moment it will remain a low-volume, spe- cialist vehicle producer.” This year, Ford also made a joint bid with


DP World and Forth Ports for the Thames Estuary freeport, one of the UK’s eight newfree- ports. It will link Ford’s Dagenhamplant with the ports of Tilbury and London Gateway, fur- ther east along the Thames, in Essex. With roughly 1700 acres of development


land assigned to it, the Thames Freeport says it could create 25,000 jobs across its supply chains, generate £400m worth of port invest- ment and introduce electric and autonomous vehicle technology into the economic zone. Mr Rodwell told fDi that the council is “in


early stages of discussions with Ford about a green autonomous vehicle lane on the A13 and a network for EV charging”. Ford said there were no EV plans at its


Dagenham plant and declined to comment further.


Local businesses “More jobs and growth in the digital, media and manufacturing sectors will support the economy and boost Dagenham’s reputation as an innova- tiondestinationintheUKandoverseas,”aspokes- person for the UK government’s Department for International Development told fDi. For the time being, however, the scale of


suchambitious projects is not quite so palpable for local residents and business owners, as they emerge from the pandemic. Karen West-Whylie, chief executive of


Barking Enterprise Centre, says local businesses recognise that there will be “huge opportuni- ties” in the future—especially for the food busi- nesses that will have increased customer foot- fall around the film studios. Ms West-Whylie remarks that all these


www.fDiIntelligence.com August/September 2021


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96