A manufacturer which produces packaging for blue-chip brands has agreed a deal for a 100,000 sq ft warehouse and office building on the Markham Vale enterprise zone in Derbyshire.
Inspirepac Group said the new site should enable it to grow sales beyond £90m in the next five years while creating up to 100 further jobs over this period.
After agreeing terms with Henry Boot Developments (HBD) to secure the property, Inspirepac intends to open a new business at Markham Vale in addition to its existing four sites in Chesterfield, Wetherby, Runcorn and Dronfield.
The new operation will drive growth at its £46m operation by investing £6m in post print machinery and further digital capability, complementing its retail-ready and promotional packaging divisions.
Chris Marples, chief executive at Inspirepac, said: "We are delighted to secure new premises at Markham Vale. This new site, combined with further planned investment in 2016, will enable the Inspirepac Group to grow beyond £90m in the next five years, with the opportunity of creating up to 100 further jobs over this period."
Markham Vale is a 200-acre business/industrial park located at Junction 29A of the M1 in Chesterfield. It site is a joint venture between HBD and Derbyshire County Council and is one of the UK's biggest enterprise zone developments.
James Newman, chairman of the Sheffield City Region's Local Economic Partnership (LEP), said: "Our LEP has focused on building the UK's number one enterprise zone for modern manufacturing and technology.
"We can offer investors outstanding transport connectivity, a highly-skilled talent pool and the best UK Government tax incentives available.
"The strategy is clearly paying off with world leading technology companies like Inspirepac recognising that Sheffield city region is the best place for them to thrive in a highly competitive global marketplace."
Existing occupiers at Markham Vale include Andrew Page, Holdsworth Foods, Ready Egg Products, Gould Alloys and Industrial Ancillaries.
HBD has secured a 20-year lease agreement with Inspirepac. They will start construction of the building next month with completion forecast by spring 2015.