£200m expansion plan for Pinewood blocked by local authority
A major expansion project for Pinewood studios has been rejected by the local authority.
It would have been good news for local government had the £200 million scheme been granted approval following recent significant investment in the film studio.
Pinewood have control of the Isle of Man’s £25 million media development fund, government also have a £12 million stake in the company.
The plans would have seen Pinewood establish itself as a major rival to the larger Hollywood studios, eventually generating a higher level of return for government’s investment.
Economic Development Minister John Shimmin is hopeful the studio will be successful in their next bid:
Economic Development Minister, John Shimmin MHK
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