JOBS are set to be created as a recession-busting chain has confirmed that it is to open new premises in Nuneaton.
Poundland has announced that it has plans for a new store in the town centre.
Despite the announcement, the firm is remaining tight-lipped about the location of the new shop.
But the Nuneaton News has discovered that Poundland has submitted a planning application to Nuneaton and Bedworth Borough Council for new signage for 5-6 Market Place, Nuneaton.
This is the former home of Marks and Spencer, which has been closed for 18 months.
As reported in the News, negotiations have been going on for more than a year between borough council and Poundland with a view that the firm would take over the former TJHughes building in the town.
But it would seem that these crunch talks have fallen through if Poundland is planning on moving to the Marks and Spencer building.
Poundland has said that it will confirm the location of the shop, along with the number of jobs it will create and opening dates within the next two weeks.
It is unclear what will also happen to the firm’s current Abbey Street-based store once the move takes place.
When the move goes ahead Poundland is planning to have a family fun day for the official opening.
A well-known celebrity will be heading to the town centre for the event, but bosses have yet to reveal who that will be.
Poundland’s trading director, David Coxon, said: “Poundland has grown significantly over the past 12 months and it’s fantastic to see this expansion continuing with a new store in Nuneaton.
“We’re looking forward to opening our doors.”