Will ILM expand to the U.K. for EpVII and beyond?

The Wrap reports that Industrial Light & Magic may open a facility in the United Kingdom to “take advantage of foreign tax subsidies.” They’ve been scouting in East London, their source reports.

Lucasfilm rep Miles Perkins told them ILM has no plans to leave the Bay Area, but going overseas offers certain advantages:

Perkins likened any expansion in London to ILM’s announcement in 2012 that it was establishing a hub in Vancouver to work on specific projects. Like the U.K., certain Canadian cities such Vancouver offer more generous post-production tax credits and subsidies than California.

We’ve already heard rumblings that Episode VII may return the franchise to filming in Britain.