Following talks in China, London Resort Company Holdings have announced that they have agreed with SinoFortone Group for an investment of £100m into the £3.2bn London Paramount Entertainment Resort in North Kent.

The London Paramount project will comprise an entertainment resort, including a theme park, events space and hotels on the banks of the Thames.

David Testa, CEO, London Paramount, said: "We are delighted that SinoFortone Group of China has decided to invest. This shows that our vision for London Paramount and its location in North Kent with excellent transport links to London, Europe and the rest of the world, is appealing to investors, residents and tourists alike."

It is the first major leisure scheme to be designated a Nationally Significant Infrastructure Project (NSIP) by the UK Government, and is due to open in 2021, subject to planning permission from the Secretary of State for Communities and Local Government.

Dr. Peter Zhang, managing director, and Sir Richard Heygate, senior advisor at SinoFortone Group, commented: "London Paramount is an ideal investment opportunity given its excellent connectivity to the capital. We are delighted to act as a bridge from China to this major European and British project, and are excited to be able to make London Paramount a reality."

The project, which will create up to 27,000 jobs, expects to receive 15 million visitors per year once fully established.