Plans to invest £300m in the UK city of Blackpool's tourism industry, which includes the creation of new hotels, apartments and restaurants on the famous Golden Mile, have been unveiled.

£300m leisure investment for Blackpool

The first phase of the significant project, the largest for Blackpool in a century, will include a new flying theatre – thought to be the first in the UK – along with a virtual reality experience, multimedia exhibitions, an indoor family entertainment venue dubbed Adventure Land, a gaming zone and an alien-themed diner.

The investment will also include a new multi-storey car park with in excess of 1,000 spaces, a food hall, a 150-room promenade hotel and an event square with a stage.

Phase one is scheduled to open in 2024.

Phase two will include apartments, further food and drink outlets, a second hotel comprising 250 bedrooms, with additional landscaped public open space. Future phases to the southern end of the site will include further leisure attractions, residential apartments and a music venue and nightclub.

Blackpool Council leader Cllr Simon Blackburn hailed the vision as a "game changer".

He said: "These new attractions are of ground-breaking international quality and their cutting edge technology will take Blackpool’s tourism offer to another level."

The 17-acre development site is currently home to Blackpool's largest surface car park.