A €6m deal signed yesterday will see a major film studios set up in Limerick.

The green light is expected today for the creation of a new film production industry in Limerick, through a partnership between the city and Ardmore Studios. It will create more than 750 permanent jobs and could benefit the local economy to the tune of an estimated €80m yearly.

The distance between Hollywood and Limerick is set to get a whole lot shorter as plans for an international film studio based in the Treaty City leap ahead.

Up to 1,000 potential film industry jobs in Limerick are on hold over the stalling of talks involving a major studio, it was claimed last night.

An announcement is expected to be made in the near future regarding plans for a new development in the Limerick/Clare region.