The UK's The Full Picture Company has announced plans for a £66m film studio in the southwest of England, although the venture is yet to secure planning approval or reveal any backers.

The company, chaired by Academy Award-winning Bond and Titanic production designer Peter Lamont, proposes a range of ambitious facilites including nine film and TV studios and effects and post production offices. Also heading the outfit are chief executive Rose Waghorn and Martin Turvill, executive studio director and facilities manager.

The proposals comes hard on the heels of the merger of Pinewood and Shepperton in a bid to create a super studio better placed to compete with studios in the UK and overseas.