00:00It is a big part of our business, the theme parks business. We have parks in Florida, California, and Asia.
00:08Never had an opportunity to find a place to put a park in Europe.
00:12And so we've looked and thought about it for years and years, knowing that when we build a park, the bar is very high.
00:19It's such an important experience that we pride ourselves in how well we execute that it's got to be done to a perfect level of execution
00:27between the incredible storytelling, the incredible immersive experiences, obviously the rides themselves, which are great, the food that goes around it.
00:38All of that is, and the people in the parks, the employees that bring it all to life, all that is incredibly critical.
00:46Universal could have chosen anywhere in Europe to make this investment.
00:50The fact that they've chosen Britain, the fact that they've chosen Bedfordshire, is a real sign of confidence in the local economy and in the national economy.
01:00£50 billion benefit to the UK economy, 28,000 jobs in a whole range of sectors.
01:07Obviously construction, that's going to be a massive part of it in the next few years.
01:12But also then retail, hospitality, creative industries, performing arts, things that this country is brilliant at.
01:19What a momentous day. What a momentous day. What's such an important day.
01:22And it's not just the first one in the United Kingdom. That would be pretty good.
01:27It's the first one across Europe, and that is really incredible.
01:32And it's going to put Bedford on the map for millions of people.
01:36Film lovers, people coming here for fun, people building their careers here.
01:41It'll create thousands of jobs for the local community.
01:45And the statistic for that is really impressive.
01:4880% of the jobs are going to be local jobs.
01:52So just looking behind me, these are going to be the jobs of yourselves and your colleagues for years and years to come.
01:58I have to say, I've got two children, one 16, my boy, and one 14, a girl.
02:04They don't take that much interest in the announcements I'm making every day, I have to admit.
02:09But this one has really caught their eye because they can envision themselves at this theme park like millions of other children for decades to come, coming and enjoying it.
