Backed by Yoo Capital, the plans includes a studio campus boasting visual-effects, animation and post-production facilities. A pair of major film schools – the National Film and Television School and the London Screen Academy – will also open new education hubs as part of the scheme.

If planning is granted, around 1,370 construction jobs will be created over the three-year build.

Partner social housing developer Places for People has also submitted its own application to deliver 485 homes next to the new studios.

PfP group managing director of developments Andrew Usher said the Camden Film Quarter would be a landmark project and the next step in its placemaking work.

Yoo Capital co-founder Lloyd Lee added that the aim was to build “a neighbourhood where world-class studios, 50% affordable homes and public spaces sit side by side to inspire the next generation”.

Architect Broadway Malyan is leading design work for the residential sites, with a brief to create an ambitious new quarter that reflects local character and delivers real social value.

Turner & Townsend has been appointed by Camden Council as client representative for the regeneration. The firm will develop the council’s requirements for replacement facilities on the site and oversee project management, cost monitoring and design assurance.