A major Lincolnshire employer has announced it is moving its headquarters to Europe because of the Uk's decision to leave the EU.
Fancy dress supplier, Smiffys, which has been based in Gainsborough for 126 years, will be moving its operations to Holland.
It employs 250 people.
Speaking to the BBC, Elliott Peckett, director of the family-run international business said the decision to move is as a direct result of Brexit.
He said: "We are trying to stay ahead of the curve with Brexit and we are opening a Dutch headquarters so we base our company within the EU.
"It will mean we will start to invoice our customers in Europe, from an EU country and will start to pay tax to Europe, where the UK will miss out.
"It will mean our customers in Europe do not have increased prices due to trade barriers.
"We have been in Gainsborough for 126 years. It is our heritage.
"We will do everything we can to maintain a site in Gainsborough and I am sure it will continue to be the case.