Page last updated at 12:06 GMT, Wednesday, 10 June 2009 13:06 UK

Poundland moving into Woolworths

Poundland store
The company is discussing taking over other Woolworths buildings

The Poundland group of stores is to take over a former Woolworths building in Cornwall, it has confirmed.

The West Midlands-based discount shop company, which has 214 shops in England, is to take over the Woolworths site in Truro.

About 30 jobs will be created, and the chain is in discussions to possibly take over other Woolworths buildings in Newquay, Penzance and St Austell.

The firm said it expected to have 250 outlets nationwide by the end of 2009.

Neil Scott - from Totally Truro, a not-for-profit company which promotes the city - said it was "good news for biggest empty space in the city centre".

High Street chain Woolworths went into administration last November after struggling with debts of £385m. More than 800 stores closed across the country.

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