The British Film Institute has unveiled plans to build an International Center for Film, TV and the Moving Image, which would open in 2022. The venue will be a new home for the BFI London Film Festival.

The Center will be located on the South Bank of the River Thames in Central London, on a site that is presently occupied by Hungerford Car Park.

It will have three screens, with 800, 180 and 120 seats, and will also incorporate gallery space to stage exhibitions focused on British creativity and skills in areas such as animation and VFX, as well as presenting film ephemera, including scripts, private letters and photographs.

It will also be a center for arts education and research, offering free access to one of the world’s biggest film collections as well as events and exhibitions, backed up by an expert education team.

The BFI promises a “constantly evolving, rich programs of film, TV and moving image to provide a depth of experience that includes on-stage interviews and masterclasses, world premieres, new releases, classics, restorations, film and live-music events and presentations using new and emerging technologies.”

The BFI has offers of support of up to £87 million ($128 million) toward the £130 million ($191 million) total cost of the project, which is subject to a tendering process that kicks off Wednesday.

Amanda Nevill, BFI CEO, said: “British film and British filmmakers deserve a home now more than ever, a building that will express our optimism, our confidence and our excitement about Britain’s leading role in the future of film, television and the moving image at home and internationally.”

The Mayor of London, Sadiq Khan, said: “These plans for a new state-of-the-art building offer a fantastic opportunity for the capital’s moving image artists. As well as strengthening London’s position as a global leader for the creative industries, the center will create a new generation of TV and film lovers, and give Londoners of all ages the chance to experience film and its amazing heritage in the U.K.”