LOGISTICS firm H&M Distribution has moved into a £250,000 purpose-built depot in St Neots.

The move to the 30,000 sq ft warehouse, with the option for an additional 20,000 sq ft for expansion, in Howard Road, Eaton Socon, will create a number of jobs and enables the company to provide greater services to the region's businesses.

The state-of-the-art new home will enable H&M, which was formed in 2007, to further its business growth and will offer an enhanced service to businesses in Hutingdonshire, north Hertfordshire and south Bedfordshire.

John Hunt, managing director, said: "The new development will enable us to support our existing customers in a more efficient way, allowing for later collections for next day deliveries across the UK and Europe.

"We have seen a real increase in demand for logistics support in the region as the economy looks to take an upward turn, and our increased capacity and more efficient service will help local businesses to continue this growth."

H&M is part of Palletways UK network, which is made up of transport companies which share resources to deliver small consignments faster and more cost effectively.

The company has two other depots in St Helens and Gloucester.