Up to 500 new jobs look set to be created in Northamptonshire over the next three years following plans by a Taiwanese firm to build a factory in the county.
Kenmark, a flat screen TV specialist, will be based in Corby and the factory is due to open early in 2010.
The deal was secured following three years of work between the East Midlands Development Agency’s international team, the UK Trade and Investment’s Taipei-based team and Northamptonshire Enterprise Limited, according to the BBC.
“It’s a great example of how regional development agencies can help bring investment into the East Midlands,” Bryan Jackson, the chairman, said.
“I’m delighted at the job prospects this will bring for the local population, particularly at this difficult time for the economy.
“This is proof that manufacturing is alive and kicking in the UK.”
Minister for the East Midlands, Phil Hope, said: “The creation of these jobs will benefit the region as a whole and is another indicator of the potential, fragile recovery taking place in the East Midlands economy.”
Kenmark is predicting a boom in flat screen television sales as the economy begins to recover.