Burberry has scrapped a longstanding £50m development project in Leeds in leu of Brexit.
Luxury fashion company Burberry has discontinued plans to open a new manufacturing facility at the Temple Works building in Leeds as a result of the Brexit referendum that took place last year. The initial investment for the project would have totaled around £50m, and was projected to result in the employment of over 1,000 people. While Burberry stated that they are still “very committed to Leeds”, they opted to let the Temple Works building project lapse, but are still pushing ahead with refurbishment plans for their other sites in Yorkshire.
While the initial plan is currently on an indefinite hold, the company is still considering two other options that would benefit the greater Yorkshire economy. One of these is the relocation of Burberry’s business support centre, which would generate an estimated 300 jobs for Leeds later on this year.
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