Jan 5 2012 ---  Nestlé has confirmed speculation that it will be moving the headquarters of its UK business.

The company has confirmed that it will be leaving Croydon after 45 years at the site.

The new UK HQ will be based 20 miles away, in Gatwick, at a business park near the airport.

The company is optimistic that many of its existing office staff will be able to make the transition. They confirmed that 840 staff members will be moved to the new location before the end of 2012.

Paul Grimwood, chairman and CEO of Nestlé's operations in the UK and Ireland, said: "This move represents an exciting new chapter for Nestlé in the UK. We are investing across the UK to establish our next generation of world class facilities. Our new head office will provide a modern, efficient and attractive workplace for our people, in an ideal location."

Croydon Council released a statement expressing their dismay at the announcement. Council Leader Mike Fisher said "We are obviously very disappointed that Nestlé has decided to leave the borough after more than 40 years.

"We have done everything we possibly could to avoid this outcome, but ultimately we have to respect the fact that Nestlé are a footloose global company and can choose where they locate their business.

Mr. Fisher did nevertheless thank the company for the contribution they had made to the local economy over 45 years: “I would like to thank Nestlé for all they have done for our town over several decades, to recognise the benefits they continue to bring to the wider UK economy and to wish them all the best for the future."