Is it a wasp nest in my loft?

Hi, we have a very shallow loft in our house so we very rarely go up there. The other day I went up and noticed this huge nest. I assume it’s a wasp nest? Any advice on what to do with it? Will it get even bigger next year if I just leave it?
Any advice would be greatly appreciated!:)

Any advice would be greatly appreciated!:)

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I had a 'not quite so lovely' one in the box I made for overwintering bees, after they commandeered the hog house. The wasps moved in instead.
As @Dovefromabove says, it won't be re used.
If you have young children/grandchildren or neighbouring children, it can be worth removing to let them see.
Simple pleasures
I had one of those huge wood wasps in a previous garden one year. Beautiful things. Never seen one since unfortunately.
@Fairygirl
Thank you for information. It does look rather beautiful, doesn’t it?
I’m very relieved I don’t need to do anything about it as it is located in the part of the loft, which is pretty much inaccessible…
This one, discovered in autumn, was an active Asian hornet’s nest and I had thoughts of turning it into a lampshade. However, the beekeepers we called in had to spray pretty noxious poison before it was safe to remove and that plus cleaning out all those dead bodies rather put me off.
It is very beautiful!
I may ask the builders to remove our nest and give it to us when we re-insulate the loft, if the nest is still there and intact…
Not sure I'd want mine as an indoor feature either @Nollie. It was a bit manky with the hay etc from the box it was in
Wee wasp still in there too. I had another one quite close by as well, but they were nesting in below a shrub and accessing it from the other side of the fence, where my car is.
I had another one quite close by as well, but they were nesting in below a shrub and accessing it from the other side of the fence, where my car is.