Foodservice suppliers Tulip has announced joint plans with its owners, the Danish Crown Group, to invest £16m in its Cornish operation that will benefit the region by creating 250 new jobs.
The plans will include the development and expansion of de-boning facilities at the Bugle site and the installation of a new state-of-the-art air drying and linear curing facility at its Redruth site, which will see the business grow by around 40%.
The £16m investment programme is being part-funded with a Government Regional Fund grant of £4.8m, and although the ambitious expansion plans are subject to final planning approval, work should start on the project during the autumn of 2014 with completion targeted for the first half of 2015.
Chris Thomas, chief executive of Tulip, explained: "This is a very exciting time for our business and for Cornwall.
"I am delighted that our parent company Danish Crown has chosen to invest in this region, a decision due in the main to the skill and commitment of our colleagues here in Cornwall, the encouragement and support we have received from local government, regional agencies and, in particular, local MP Stephen Gilbert."
Final planning permission and a decision on the application is expected within the next two months.