Home Money Universal is negotiating with ministers for tax incentives to build a multi-million-dollar resort in Bedford

Universal is negotiating with ministers for tax incentives to build a multi-million-dollar resort in Bedford

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Plans: Universal operates several sites across the Atlantic, including a resort in Orlando

Universal is in talks with ministers over tax incentives as it looks to build a multi-million pound resort in Bedford.

The US company, owned by Comcast, has acquired 500 acres of land in the UK as a possible location for Europe’s largest theme park.

But Universal is now in talks with officials over tax and infrastructure deals that could make or break a site, the Financial Times reported.

Plans: Universal operates several sites across the Atlantic, including a resort in Orlando

Comcast could explore other sites in Europe or elsewhere if talks fail, the report said, with a decision expected later this year.

Universal operates several sites across the Atlantic, including a resort in Orlando.

The theme park is estimated to bring £50bn of economic value to the UK over the first 20 years.

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