Gloucestershire-based manufacturer Advanced Insulation is set to move to a new £1.9m headquarters at Quedgeley West Business Park in Gloucestershire, following its acquisition of a 31,000 sq ft office unit.

Advanced Insulation manufactures fire resistant coatings for use in the oil and gas, subsea and defence sectors.

Advanced Insulation employs 40 people. But the company said it is hoping to create up to 30 new jobs after it has relocated early in 2011.

Work on the new premises will include the fitting out of office space and manufacturing facilities, as well as the installation of a controlled R&D laboratory. GVA Grimley has now been appointed to design and implement the fit-out.

Martin Hoyle, director of building and project management at GVA Grimley, said: “The reconfiguration and refit of the unit at Quedgeley West will ensure that Advanced Insulation has specialist premises that are entirely suited to their specific needs, taking them into the next stage of their development.”