'Budget' Bond Skyfall shoots in Bognor Regis

The new James Bond movie, ‘Skyfall’, is set to film in Bognor Regis according to reports.

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Having shortlisted a number of exotic filming locations around the world, bosses plumped for filming in the British seaside resort.

Budget cuts and technical issues apparently led producers to film in just Turkey, possibly China and the UK, though this has not been confirmed.

Filming on the project was delayed for months after studio MGM filed for bankruptcy.

[See more: First 'Skyfall' footage unveiled]

A source told The Daily Mirror, "While Bognor is hardly the most exotic of locations, it is important for the franchise that they support British industry, and give something back. Everyone is confident this will be one of the best 'Bonds' ever.

"To say some of the cast and crew are a bit gutted is an understatement," the source went on. "Originally six different countries were selected to film certain scenes but after several technical and financial problems, it was decided to scale back and just use Turkey as the sole foreign location.”

Previous 'Bond' instalment 'Quantum of Solace' was shot in six countries; Italy, Spain, Mexico, the UK, Panama and Chile.

The hotly anticipated 23rd 'Bond' film stars Daniel Craig as 007. His co-stars are Fiennes, Dench, Javier Bardem, Albert Finney, Naomie Harris, Bérénice Marlohe and Ben Whishaw.

'Skyfall' is released in the UK on 26 October 2012.