Logistics company DHL is to invest £156 million in its UK sites including in Sheffield.
The US-owned firm is set to improve the warehousing, sorting facilities and operations at its base on Bold Street, Attercliffe, to improve international trade, cut transit times and make supply chains more efficient for UK businesses.
The two largest-scale investments will be at the firm’s East Midlands Airport hub, £90m, and southern hub site near Heathrow ,£32million.
The investment will be made by 2016.
Ken Allen, chief executive of DHL Express, said: “This investment in the UK forms a key part of DHL’s global growth and service improvement strategy, following the recent investment of £103 million in the Middle East.
“With ongoing growth in the US and the development of our European hub in Leipzig, we’re strengthening our leadership position through improved service capabilities.”
Chancellor George Osborne said: “I am delighted that DHL is continuing to invest in the UK, supporting the growing number of British businesses selling their products abroad.
“This new investment is further evidence that our long-term economic plan is working and Britain is coming back. But the job is not yet done and we must make sure the world’s largest companies maintain the confidence they have regained in the UK if we are to build a resilient economy.”
Phil Couchman, chief executive of DHL Express in the UK & Ireland, added: “As we celebrate DHL’s 40th year in the UK, this investment demonstrates our confidence and commitment to enterprise and British export businesses.”