East Devon was badly hit when Axminster Carpets went into administration putting 300 jobs at risk.
The new owners have taken back half the original staff and believe the town is now more optimistic for the future.
The former Mayor of Axminster Cllr Andrew Moulding spoke to ITV News West Country:
More top news
A builder has been ordered to pay £2,500 for opening a sluice gate on the Somerset Levels at the height of the floods.
Danny Cipriani created one try and scored another as Sale wrecked Exeter's hopes of climbing to the top of the Aviva Premiership.
Repairs to an iconic landmark in Newquay were completed today.