Universal, having just completed its latest Nintendo- and Harry Potter-filled theme park in the US, is now planning to build a new theme park and resort in the United Kingdom. The multi-billion dollar project will be Universal’s first European theme park, with construction on the 476-acre complex expected to start next year in Bedford, England, located around 60 miles north of London.

Set to open in 2031, the UK government says the theme park will be “one of the largest and most advanced in Europe,” projected to generate nearly £50 billion ($64 billion) for the British economy by 2055 and attract 8.5 million visitors in its first year. Rumors about the project have been circling since Comcast NBC Universal acquired the sizable chunk of Bedford land in December 2023, with today’s announcement finally confirming that plans to build the park are going ahead — subject to securing planning approval.

“Today we closed the deal on a multi-billion-pound investment that will see Bedford home to one of the biggest entertainment parks in Europe, firmly putting the county on the global stage,” said UK Prime Minister Keir Starmer, who added that the project is expected to create “28,000 new jobs across sectors such as construction, AI, and tourism.”

This announcement comes ahead of Universal opening its third Orlando park, Epic Universe, on May 22nd. The Orlando expansion contains new lands themed around Nintendo, Harry Potter, classic movie monsters, and the How To Train Your Dragon franchise, and showcases some of the entertainment giant’s most advanced ride and animatronics technology to date.

It’s too early to say exactly what the new park will entail, but proposals from Universal Destinations & Experiences include a theme park with “several themed lands featuring Universal’s distinct brand of immersive storytelling,” rides, attractions, and other forms of entertainment that utilize “sophisticated and advanced technology.” Plans for the resort include a 500-room hotel with on-site retail, dining, and entertainment options.

We will have to wait and see if Universal will be bringing any of its existing land themes or ride experiences to the UK project, or opt for something new entirely. I’d expect the Harry Potter branding to be involved in some way — Universal has already built six lands themed around the franchise across other global parks, and this is its opportunity to fully lean into its native British setting.