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UK company gives £ 2million vote of confidence in Britain's Brexit future with growth plan

Economy:
UK company gives £ 2million vote of confidence in Britain's Brexit future with growth plan

A HOMEGROWN British business has pledged its confidence in the UK's economic future by investing £ 2million in an expansion programme.

Cornish ice cream maker Kelly's is expected to grow by a fifth this year amid record high sales and turnover in excess of & pound; 23million.

The investment in its Bodmin-based factory will create jobs as well as strengthen links with local dairy farmers.

The move disproves claims from the Remain campaign that a vote to Leave would halt business investment in Britain.

It also comes as the FTSE 100 bounced back today to levels as high as it was before the referendum.

Paul Harrold, factory manager, said: "The factory changes mean we're looking to the future with confidence and ambition; investment in the Kelly's brand
Has already allowed us to introduce fresh packaging and innovative flavours.

" It's fantastic that our Cornish product continues to be enjoyed by loyal fans, as well as appealing to new consumers.

"Continued investment at Kelly's has also enabled us to provide ongoing support to the local community."

Kelly's is a significant local employer, and buyer from local dairies.

The ice-cream maker last month got through 540000 litres of milk and 65 tonnes of clotted cream.

A spokesman for the firm said: "The new financial boost will allow the factory to increase staffing, maintain premium quality and ensure that the company can continue to expand and innovate.

" Kelly's has been manufacturing at its factory in Bodmin for over 100 years and is now the the country's leading Cornish ice cream and the UK's 6th biggest ice cream brand.

He added: "The investment in the Bodmin factory will secure the growth of the Cornish operations into the future."

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29 June 2016, 18:33