Pinewood Shepperton plc, a leading provider of services to the global film and television industry and a Production Guild business partner, this week announced that it has signed an exclusive agreement with the Welsh Government to advise on its new £30 million television and film investment fund, writes The Production Guild.
As part of the Agreement, the Welsh Government will acquire and fit out the former Energy Centre, Wentloog, adjacent to Cardiff Bay. It is intended to create a facility with four stages. The new facility will become known as 'Pinewood Studio Wales'. Pinewood will operate the Studio and contribute £0.8 million over five years for the purchase of equipment.