Appledore shipyard has struggled to find orders
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A north Devon shipyard has won a new contract, securing 200 jobs for at least two years.
A multi-million pound steel superyacht will be made at Appledore before being sailed to Devonport for completion.
Last year the yard, which is owned by Devonport owners DML, lost out on two important contracts.
Torridge and West Devon MP Geoffrey Cox said the contract, which starts in the autumn, will hopefully kick start more of this kind of work for Appledore.
'Long time coming'
He said: "I am absolutely delighted for the people of Appledore.
"It shows the high regard the yard is held in and the quality of the design team.
"It has been a long time coming."
In 2003 the entire workforce of 550 was made redundant when the firm went into receivership.
The yard has struggled to find new work since it was taken over by DML in 2004.
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