Barking and Dagenham Council leader Darren Rodwell today invited formal tenders to operate what will be London's largest film studio built in 25 years by 16 March.
The winning operator will be in charge of running the 8.09-ha site in Dagenham to compete with major international studios and provide much-needed studio space in the capital, thousands of jobs and generating £35 million for the local economy.
Rodwell said: "We want these studios to be on a scale Steven Spielberg can be proud of, but more importantly we want them to benefit local people.
"The winner of the bid doesn’t necessarily have to be big, but needs to think big."
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…