A communications firm has announced it will create 150 new jobs with the construction of a -£7m state-of-the-art data centre.
Timico, based at Beacon Hill Office Park, Newark, is building the new centre dubbed an internet factory behind its existing offices.
It is expected to be finished later this year.
Businesses will be able to store securely vast amounts of virtual data, including websites, in the 18,000sq ft centre, which will be monitored round-the-clock.
It will be accessed from the Brunel Drive industrial estate.
Timico co-founder and chief technology officer, Mr Trefor Davies, said the company’s expansion would provide a big boost for Newark.
In the next five years he expects Timico to have 350 employees, more than double its current workforce.
The new jobs will include technical staff, office workers and sales people.
Mr Davies said they expected turnover to rise from -£35m a year to -£100m a year within that time.
The company is investing an initial -£5m in the new building, with a further -£2m planned to increase capacity over the next three years.
It will include a network operations centre and a back-up service for business systems hit by unexpected failures.
Mr Davies said Newark was an ideal location for the centre because it was in easy reach of other areas, including London.
Timico is a mobile phone and internet service provider with about 16,000 business customers, including Honda and BP.
It was set up by four people in 2004, including Newark businessman Mr Tim Radford who founded Project Telecom, the independent mobile service provider that was sold to Vodafone.
Since then it has been named by the Sunday Times as one of the fastest growing technical companies in the UK.
“We offer everything a business wants in terms of communications,” said Mr Davies, who is a leading figure in the industry himself.
“We really are a big player in the internet industry in the UK.”
The new data centre is being built by Lindum Construction, which built Timico’s existing offices in 2007.