An aerospace metals company is preparing to move into purpose-built premises in Chesterfield - and spent £1m on machinery.
Gould Alloys will leave its 30-year home on Carrwood Road, Sheepbridge, after its parent company bought a new warehouse on Markham Vale Business Park at Junction 29a of the M1.
It is one of the fastest growing specialist metals stockholders in the country. Ninety per cent of business is with the aerospace industry.
It also offers machining and cutting services and sells semi-machined parts to manufacturers in the sector and is now set to spend more than £1m on new technology, machinery and fit out.
Gould, which has £18m turnover, must leave its current site by the end of August.
Sales manager Mark Cowley said the move to Markham had been planned for almost three years after the firm outgrew its home.
He added: “Moving is going to be a big job, we have tonnes and tonnes of material to shift.
“But our owner is certainly keen for us to succeed.
“The new premises should give us a bit of an edge in a very competitive industry.”
Managing director, Jane Bradshaw added: “Our expansion will also help with the creation of jobs in the near future.”
The firm’s new warehouse and production facility is next to the giant Andrew Page building on the east side of the M1. It was built by Henry Boot Developments, which has a construction deal with site owner Derbyshire County Council.
Edward Hutchinson, Henry Boot director, said there had been a “remarkable” seven deals at Markham Vale in the last year.
Leader of Derbyshire County Council Anne Western said: “It’s great that Chesterfield-based companies continue to choose Markham Vale to relocate to instead of moving outside Derbyshire.”
New residents include Inspirepac, AW Repairs Group, Euro Garages, Holdsworth Foods and Ready Egg. Meter Provida moves in later this year.
A third plot at Markham, the 70-acre Phase 3, will be ready for this summer.