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Pinewood to continue expansion battle

by isleofman.com 30th September 2013

Pinewood Studios says it’ll fight the latest round in a battle over expansion plans in November.

The Isle of Man spent around ?12 million last year buying just under ten per cent of the studio.

Earlier this year, South Buckinghamshire district council turned down a ?200 million expansion - the second time the plans had been thrown out.

Pinewood chairman Michael Grade vowed to fight the decision – and told the company’s Annual General Meeting a public inquiry will start on November 19.

At the meeting yesterday, Lord Grade said the studio complex has had what he called a positive start to the year.
He said he was pleased with all the firm’s revenue streams and the company’s media hub is currently 99 percent full.
The hub is a collection of 250 support companies which are based at the Buckinghamshire site.
Lord Grade said the board is looking forward to the future with confidence – but reiterated the need for expansion.
Posted by isleofman.com
Monday 30th, September 2013 07:25pm.

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