The next installment in the Star Wars sci-fi franchise will be shot in the U.K. according to a recent report. 

Lucasfilm President Kathleen Kennedy said the firm reached an agreement with George Osborn, who heads Britain's Treasury, to make "Star Wars: Episode VII" within the island nation's borders.

Lucasfilm, the studio behind the Star wars franchise, was acquired by Disney in October 2012 for $4 billion. Shortly after buying Lucasfilm, Disney announced plans to create multiple new Star Wars films.

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News of the acquisition and new Star Wars films was met with mixed reaction from Star Wars fans. Recent reports indicated that Disney planned to release a new Star Wars film every year starting in 2015.