Stokesley-based Quorn is reportedly set to invest £150m in increasing its production capacity in a move which could create 300 jobs, after the vegetarian food producer saw international sales grow.
According to a story by The Yorkshire Post, the business will invest £150m in its Billingham site in Teesside creating 300 jobs over the next five years.
The brand grew globally by 19 per cent in the first half of the year and European sales increased by 29 per cent.
The investment in the manufacturing facility at Billingham will make it the largest facility of its kind globally according to Quorn’s chief executive Kevin Brennan.
The business also intends to become a billion dollar business by 2027.
Brennan told reporters at The Yorkshire Post: “We are proud to be contributing to the UK’s export drive and to be investing in a British innovation that is vital to addressing the future need for protein across a growing global population.
“Our growth will continue as expected, regardless of the Brexit deal that is reached.”