Quorn Foods is to invest £150m in its meat substitute factory in Billingham, County Durham, in order to double production, with the creation of about 300 jobs over the next five years.
This investment will see the regional site become the largest facility of its kind in the world.
Quorn made the announcement after revealing its UK sales had grown 15% during the first half of the year and a global increase in sales of 19%.
Chief executive Kevin Brennan said he is confident a growing appetite for the meat substitute in the US, Australia and Asia will enable the firm to grow, despite Brexit.
He added, “We are proud to be contributing to the UK’s export drive and to be investing in a British innovation that is vital to addressing the future need for protein across a growing global population.
“Our growth will continue as expected, regardless of the Brexit deal that is reached. In fact today’s investment is indicative of our confidence in becoming a $1bn brand in the next 10 years.”