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:
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A minute's silence will be observed at 11am on Thursday in remembrance of those who lost their lives in the Manchester Arena attack.
A bright start to the day and staying sunny across the region with temperatures in the mid-twenties in parts.
As stand out day ahead of sunshine and blue skies, with highs of 23 or 24 degrees in some places across the South West.