A £12m expansion of a north Derbyshire foundry promises to bring 80 new jobs to the area with bosses hoping it will 'kick start' further regeneration.
The development by William Lee Ltd has been approved by NE Derbyshire District Council and will be built across the road from its current premises on Callywhite Lane, Dronfield.
Graham Cooper, managing director of William Lee, said: "This 12m expansion of the site will secure the future of the existing workforce and provide an additional 80 jobs, which will boost the local economy.
"It is hoped that it will also 'kick start' further regeneration and development of the Callywhite Industrial Estate."
The new 7,000 sq metre foundry is an expansion of the company's existing activities. Castings are formed from melted steel and pig iron, then cleaned and processed prior to shipping to customers throughout the UK and Europe.
NE Derbyshire District Council granted William Lee planning permission for the development at the end of last month.
Council leader Clllr Graham Baxter said: "We are very pleased that William Lee has chosen Dronfield as the location for their new foundry.
The company is already well established in the town and we are delighted that it will be the location for the first brand new foundry to be built in the UK for many years.
"We hope the new foundry will bring further jobs and economic prosperity to our district and surrounding area and encourage other businesses to consider relocating to such an excellent location."