Online retailer The Hut Group will invest £100m in a new distribution and manufacturing centre in Warrington, creating 2,000 jobs over the next three years.
The 836,000 sq ft distribution and manufacturing ‘centre of excellence’ will be built at Omega South distribution park.
It will enable The Hut Group, which owns several websites including MyBag.com, to increase revenues to £1bn and offer new roles in technology, engineering, digital and the supply chain, as well as graduate opportunities.
In its most recent results, sales for the year to December 31, 2013, were up 34% to £176.4m. Revenue figures were not provided.
Approximately £80m will be invested in the site by the end of 2015, through both construction and technology, with a further £20m earmarked for development of additional land within three years.
Chancellor George Osborne, who visited the site today, said: “The Hut Group’s investment in 2,000 new jobs in the Northwest is fantastic news for the area. It shows that our long-term economic plan to create jobs and investment in the north of England and increase the region’s exports to the rest of the world is working. I want Britain to be a country where companies want to invest and create jobs, which is exactly what The Hut Group is doing today.”
Matthew Moulding, chief executive of The Hut Group, added: “Our £100m investment in the Omega project is a continuation of The Hut Group’s commitment to develop as a British export success, and through the creation of our manufacturing centre of excellence we hope to stimulate further growth.”